GE Vernova Inc. (NYSE:GEV) Stock Holdings Reduced by Field & Main Bank

Field & Main Bank decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,595 shares of the company’s stock after selling 34 shares during the quarter. Field & Main Bank’s holdings in GE Vernova were worth $407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Newport Trust Company LLC bought a new position in shares of GE Vernova in the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp bought a new position in GE Vernova in the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova during the 1st quarter valued at about $367,474,000. Marshall Wace LLP bought a new position in shares of GE Vernova in the second quarter valued at about $399,770,000. Finally, Legal & General Group Plc bought a new stake in GE Vernova during the 2nd quarter worth about $293,699,000.

GE Vernova Trading Up 1.3 %

Shares of GE Vernova stock opened at $341.18 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $342.79. The company has a 50-day simple moving average of $260.05 and a two-hundred day simple moving average of $202.14.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GEV. Truist Financial raised their price target on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays boosted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Mizuho raised their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.40.

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.