First Horizon Advisors Inc. Has $193,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

First Horizon Advisors Inc. trimmed its stake in GE Vernova Inc. (NYSE:GEV) by 33.9% in the third quarter, Holdings Channel reports. The firm owned 757 shares of the company’s stock after selling 388 shares during the quarter. First Horizon Advisors Inc.’s holdings in GE Vernova were worth $193,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in shares of GE Vernova during the 1st quarter worth about $63,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova during the first quarter worth approximately $367,474,000. Kinetic Partners Management LP acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $20,854,000. Yaupon Capital Management LP bought a new position in shares of GE Vernova during the 1st quarter worth approximately $10,256,000. Finally, Kozak & Associates Inc. acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $115,000.

GE Vernova Stock Up 2.7 %

Shares of GEV stock opened at $349.16 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $357.09. The stock’s fifty day moving average price is $286.37 and its two-hundred day moving average price is $215.05.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. William Blair assumed coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Bank of America increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, 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. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $270.02.

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.