Haverford Trust Co Sells 83 Shares of GE Vernova Inc. (NYSE:GEV)

Haverford Trust Co reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,048 shares of the company’s stock after selling 83 shares during the quarter. Haverford Trust Co’s holdings in GE Vernova were worth $777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Castleview Partners LLC bought a new stake in shares of GE Vernova in the third quarter valued at about $28,000. Covestor Ltd grew its holdings in shares of GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the second quarter valued at approximately $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of GE Vernova in the second quarter valued at $25,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of GE Vernova in the second quarter valued at $25,000.

GE Vernova Trading Down 2.2 %

Shares of NYSE:GEV opened at $326.04 on Friday. The company has a 50 day moving average of $268.31 and a 200-day moving average of $206.42. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GEV shares. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial lifted their price objective on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.