Hancock Whitney Corp Has $543,000 Stock Position in GE Vernova Inc. (NYSE:GEV)

Hancock Whitney Corp lowered its holdings in GE Vernova Inc. (NYSE:GEV) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,130 shares of the company’s stock after selling 150 shares during the period. Hancock Whitney Corp’s holdings in GE Vernova were worth $543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pittenger & Anderson Inc. boosted its position in GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after acquiring an additional 35 shares during the period. SteelPeak Wealth LLC increased its stake in GE Vernova by 2.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares during the period. Global Retirement Partners LLC lifted its position in GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after buying an additional 40 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after buying an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after acquiring an additional 43 shares in the last quarter.

GE Vernova Price Performance

Shares of NYSE GEV opened at $339.00 on Wednesday. The business’s 50 day moving average price is $290.36 and its two-hundred day moving average price is $217.76. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

Analysts Set New Price Targets

A number of research analysts have commented on GEV shares. HSBC restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. Morgan Stanley lifted their target price on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. BMO Capital Markets increased their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $274.16.

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.