GE Vernova Inc. (NYSE:GEV) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its holdings in GE Vernova Inc. (NYSE:GEV) by 1.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,377 shares of the company’s stock after selling 204 shares during the quarter. Hartford Investment Management Co.’s holdings in GE Vernova were worth $4,431,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova during the 1st quarter worth about $2,892,000. Boit C F David acquired a new stake in shares of GE Vernova during the first quarter valued at about $149,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of GE Vernova in the 1st quarter valued at approximately $30,000. Nwam LLC purchased a new stake in shares of GE Vernova in the 1st quarter valued at approximately $1,531,000. Finally, LRI Investments LLC acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $63,000.

Analysts Set New Price Targets

Several research firms recently weighed in on GEV. Evercore ISI lifted their target price on shares of GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Guggenheim began coverage on GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Morgan Stanley lifted their target price on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Oppenheimer began coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.83.

GE Vernova Price Performance

GEV stock opened at $279.83 on Thursday. The business has a 50 day simple moving average of $230.78 and a 200-day simple moving average of $187.97. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $282.97.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, equities analysts anticipate that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

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.