Cladis Investment Advisory LLC Sells 243 Shares of GE Vernova Inc. (NYSE:GEV)

Cladis Investment Advisory LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,109 shares of the company’s stock after selling 243 shares during the quarter. Cladis Investment Advisory LLC’s holdings in GE Vernova were worth $1,303,000 as of its most recent SEC filing.

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

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $334.12 on Monday. The company’s fifty day moving average is $295.95 and its 200-day moving average is $221.35. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GEV. Evercore ISI lifted their target price on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer initiated coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating on the stock. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Morgan Stanley lifted their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets increased their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Seven equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $274.16.

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.