Moors & Cabot Inc. Sells 647 Shares of GE Vernova Inc. (NYSE:GEV)

Moors & Cabot Inc. lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 10.6% during the third quarter, HoldingsChannel reports. The fund owned 5,431 shares of the company’s stock after selling 647 shares during the quarter. Moors & Cabot Inc.’s holdings in GE Vernova were worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new position in GE Vernova in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova during the second quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova during the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova in the second quarter worth $27,000.

Analyst Ratings Changes

GEV has been the topic of a number of recent analyst reports. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price target for the company. BMO Capital Markets boosted their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. The Goldman Sachs Group lifted their price target on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Oppenheimer initiated coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Stock Down 0.5 %

GEV stock opened at $340.90 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09. The business has a 50 day moving average of $283.91 and a 200 day moving average of $213.46.

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.