V Square Quantitative Management LLC Cuts Stock Position in GE Vernova Inc. (NYSE:GEV)

V Square Quantitative Management LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 55.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,020 shares of the company’s stock after selling 1,255 shares during the period. V Square Quantitative Management LLC’s holdings in GE Vernova were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GEV. Aspire Private Capital LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $40,000. Legal & General Group Plc bought a new stake in GE Vernova in the second quarter worth $293,699,000. Central Pacific Bank Trust Division boosted its position in GE Vernova by 1,242.9% during the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock valued at $599,000 after buying an additional 2,175 shares during the period. Park Avenue Securities LLC bought a new position in shares of GE Vernova during the third quarter valued at about $2,042,000. Finally, Czech National Bank increased its holdings in shares of GE Vernova by 7.2% in the third quarter. Czech National Bank now owns 55,980 shares of the company’s stock worth $14,274,000 after buying an additional 3,751 shares during the period.

Analysts Set New Price Targets

GEV has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $262.00 target price on shares of GE Vernova in a report on Friday. Truist Financial initiated coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price on the stock. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley upped their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.73.

GE Vernova Trading Up 0.3 %

GEV opened at $272.72 on Monday. The stock has a fifty day simple moving average of $224.93 and a two-hundred day simple moving average of $185.19. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $281.37.

GE Vernova (NYSE:GEV) last released its 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 during the quarter, compared to analysts’ expectations of $8.42 billion. Research analysts forecast that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

About GE Vernova

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.