Grandfield & Dodd LLC Sells 15,772 Shares of GE Vernova Inc. (NYSE:GEV)

Grandfield & Dodd LLC lowered its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,413 shares of the company’s stock after selling 15,772 shares during the quarter. Grandfield & Dodd LLC’s holdings in GE Vernova were worth $12,854,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Waverton Investment Management Ltd raised its position in GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after acquiring an additional 66,455 shares during the period. Hanlon Investment Management Inc. purchased a new stake in shares of GE Vernova in the 3rd quarter worth $1,101,000. Atria Investments Inc raised its holdings in GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after purchasing an additional 2,847 shares during the period. Aspire Private Capital LLC bought a new stake in GE Vernova during the second quarter valued at about $40,000. Finally, Legal & General Group Plc purchased a new stake in GE Vernova in the second quarter worth about $293,699,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEV. Jefferies Financial Group boosted their price objective on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. William Blair started coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Bank of America raised their price objective 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. Barclays upped their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Stock Performance

GE Vernova stock opened at $339.92 on Wednesday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79. The company’s 50-day moving average price is $278.72 and its 200-day moving average price is $211.66.

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.