Connor Clark & Lunn Investment Management Ltd. Sells 11,518 Shares of GE Vernova Inc. (NYSE:GEV)

Connor Clark & Lunn Investment Management Ltd. cut its holdings in GE Vernova Inc. (NYSE:GEV) by 79.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,025 shares of the company’s stock after selling 11,518 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in GE Vernova were worth $771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Jennison Associates LLC lifted its holdings in GE Vernova by 20.2% in the third quarter. Jennison Associates LLC now owns 10,298 shares of the company’s stock worth $2,626,000 after buying an additional 1,733 shares during the period. Strategy Asset Managers LLC purchased a new stake in GE Vernova in the third quarter worth about $259,000. Prospera Private Wealth LLC purchased a new stake in GE Vernova in the third quarter worth about $142,000. Thompson Davis & CO. Inc. lifted its holdings in GE Vernova by 3.0% in the third quarter. Thompson Davis & CO. Inc. now owns 2,050 shares of the company’s stock worth $523,000 after buying an additional 59 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of GE Vernova by 3.8% during the third quarter. Avior Wealth Management LLC now owns 2,423 shares of the company’s stock valued at $618,000 after purchasing an additional 89 shares during the last quarter.

GE Vernova Stock Down 1.1 %

Shares of GE Vernova stock opened at $335.33 on Friday. The stock’s fifty day moving average is $294.17 and its 200 day moving average is $219.39. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. BMO Capital Markets lifted their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Guggenheim initiated coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Bank of America upped their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Truist Financial lifted their target price on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.