SouthState Corp Sells 46 Shares of GE Vernova Inc. (NYSE:GEV)

SouthState Corp reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 23.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 154 shares of the company’s stock after selling 46 shares during the quarter. SouthState Corp’s holdings in GE Vernova were worth $39,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GEV. LRI Investments LLC bought a new stake in shares of GE Vernova during the 1st quarter valued at about $63,000. Price T Rowe Associates Inc. MD bought a new stake in shares of GE Vernova during the 1st quarter valued at about $367,474,000. Steadfast Capital Management LP purchased a new position in shares of GE Vernova during the 1st quarter valued at about $80,235,000. Kinetic Partners Management LP bought a new position in shares of GE Vernova during the 1st quarter valued at approximately $20,854,000. Finally, Yaupon Capital Management LP bought a new position in shares of GE Vernova during the 1st quarter valued at approximately $10,256,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GEV shares. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. Bank of America boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Guggenheim started coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Finally, Mizuho boosted their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $264.55.

GE Vernova Stock Performance

NYSE:GEV opened at $342.77 on Thursday. The stock’s fifty day moving average is $281.39 and its 200 day moving average is $212.57. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

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.