True Vision MN LLC Has $735,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

True Vision MN LLC trimmed its position in GE Vernova Inc. (NYSE:GEV) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,882 shares of the company’s stock after selling 274 shares during the period. True Vision MN LLC’s holdings in GE Vernova were worth $735,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in GE Vernova by 2.5% in the third quarter. FMR LLC now owns 24,047,678 shares of the company’s stock valued at $6,131,677,000 after acquiring an additional 584,208 shares during the last quarter. Newport Trust Company LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova in the 2nd quarter valued at about $537,674,000. WCM Investment Management LLC grew its position in shares of GE Vernova by 83.1% during the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock worth $639,704,000 after buying an additional 1,161,901 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of GE Vernova during the second quarter worth approximately $399,770,000.

GE Vernova Stock Down 0.9 %

Shares of NYSE:GEV traded down $2.98 during mid-day trading on Wednesday, reaching $335.91. 65,440 shares of the stock were exchanged, compared to its average volume of 3,478,071. The stock’s 50 day simple moving average is $290.36 and its 200-day simple moving average is $217.76. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09.

Analyst Ratings Changes

A number of equities analysts have issued reports on GEV shares. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Bank of America raised their target price on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Company 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.