GE Vernova Inc. (NYSE:GEV) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in GE Vernova Inc. (NYSE:GEV) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,136 shares of the company’s stock after selling 704 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in GE Vernova were worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several 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 in the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova in the second quarter worth $25,000. Meeder Asset Management Inc. bought a new stake in GE Vernova in 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 valued at $26,000. Finally, Timber Creek Capital Management LLC bought a new position in shares of GE Vernova during the second quarter worth about $27,000.

GE Vernova Stock Up 1.1 %

GEV stock opened at $329.76 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79. The firm has a 50-day moving average of $273.49 and a two-hundred day moving average of $208.82.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GEV. Evercore ISI lifted their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Jefferies Financial Group increased their price objective on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Mizuho lifted their target price on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Truist Financial increased 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. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $264.55.

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.