Sargent Investment Group LLC Sells 217 Shares of GE Vernova Inc. (NYSE:GEV)

Sargent Investment Group LLC trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,645 shares of the company’s stock after selling 217 shares during the quarter. Sargent Investment Group LLC’s holdings in GE Vernova were worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GEV. Newport Trust Company LLC purchased a new stake in shares of GE Vernova during the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova during the 2nd quarter valued at $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova in the 1st quarter worth about $367,474,000. Marshall Wace LLP bought a new stake in GE Vernova during the second quarter worth about $399,770,000. Finally, Legal & General Group Plc purchased a new stake in GE Vernova in the second quarter worth about $293,699,000.

Analysts Set New Price Targets

GEV has been the topic of several recent research reports. Truist Financial upped their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Bank of America increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective 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, William Blair initiated coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Down 0.4 %

Shares of NYSE GEV traded down $1.43 during trading on Thursday, hitting $331.83. The company had a trading volume of 753,630 shares, compared to its average volume of 3,517,892. The stock has a fifty day simple moving average of $268.31 and a two-hundred day simple moving average of $206.42. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

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.