Healthcare of Ontario Pension Plan Trust Fund Lowers Holdings in GE Vernova Inc. (NYSE:GEV)

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 99.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,023 shares of the company’s stock after selling 197,085 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in GE Vernova were worth $516,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Castleview Partners LLC purchased a new position in shares of GE Vernova in the 3rd quarter valued at about $28,000. Covestor Ltd lifted its stake in GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in GE Vernova during the 3rd quarter worth approximately $31,000. Planning Capital Management Corp increased its position in shares of GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $25,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GEV. Evercore ISI lifted their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company. Barclays increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Stock Up 1.0 %

NYSE:GEV opened at $337.54 on Tuesday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $357.09. The firm’s fifty day simple moving average is $295.95 and its 200-day simple moving average is $221.35.

GE Vernova 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.