Arcus Capital Partners LLC Has $735,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Arcus Capital Partners LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 3.0% during the third quarter, HoldingsChannel.com reports. The fund owned 2,883 shares of the company’s stock after selling 89 shares during the quarter. Arcus Capital Partners LLC’s holdings in GE Vernova were worth $735,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova in the second quarter worth about $27,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. William Blair began coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Truist Financial raised their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their price objective on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets lifted their target price on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $349.44 on Tuesday. The business has a 50-day moving average price of $263.02 and a 200 day moving average price of $204.33. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $349.79.

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.