GE Vernova Inc. (NYSE:GEV) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its stake in shares of GE Vernova Inc. (NYSE:GEV) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,394 shares of the company’s stock after selling 319 shares during the quarter. Integrated Advisors Network LLC’s holdings in GE Vernova were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. SFE Investment Counsel grew its position in shares of GE Vernova by 14.2% during the third quarter. SFE Investment Counsel now owns 8,640 shares of the company’s stock worth $2,203,000 after buying an additional 1,075 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of GE Vernova during the third quarter worth approximately $436,000. Orrstown Financial Services Inc. acquired a new position in GE Vernova in the third quarter worth $515,000. Autumn Glory Partners LLC boosted its holdings in GE Vernova by 100.0% in the third quarter. Autumn Glory Partners LLC now owns 2,810 shares of the company’s stock worth $716,000 after purchasing an additional 1,405 shares during the period. Finally, Independent Investors Inc. acquired a new position in GE Vernova in the third quarter worth $262,000.

GE Vernova Stock Performance

NYSE:GEV opened at $301.09 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $311.58. The company has a 50-day moving average of $246.45 and a 200-day moving average of $195.53.

Wall Street Analyst Weigh In

GEV has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective for the company. Evercore ISI lifted their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

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.