GE Vernova Inc. (NYSE:GEV) Shares Sold by MAI Capital Management

MAI Capital Management lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 21.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,072 shares of the company’s stock after selling 2,177 shares during the quarter. MAI Capital Management’s holdings in GE Vernova were worth $2,058,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GEV. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova during the second quarter worth $27,000.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $342.77 on Thursday. The company has a 50 day simple moving average of $281.39 and a 200-day simple moving average of $212.57. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GEV. Barclays boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. William Blair initiated coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Finally, Bank of America lifted their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.55.

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.