Zurcher Kantonalbank Zurich Cantonalbank Sells 11,613 Shares of GE Vernova Inc. (NYSE:GEV)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 9.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 114,993 shares of the company’s stock after selling 11,613 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GE Vernova were worth $29,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Waverton Investment Management Ltd raised its holdings in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after purchasing an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. purchased a new stake in GE Vernova during the 3rd quarter valued at $1,101,000. Atria Investments Inc lifted its holdings in shares of GE Vernova by 127.0% during the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after buying an additional 2,847 shares during the period. Aspire Private Capital LLC purchased a new position in shares of GE Vernova in the 2nd quarter worth $40,000. Finally, Fractal Investments LLC bought a new stake in shares of GE Vernova in the third quarter worth $1,530,000.

Analyst Ratings Changes

Several brokerages have issued reports on GEV. Royal Bank of Canada raised their target price on GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research report on Monday. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. The Goldman Sachs Group boosted their price objective on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company began coverage on shares of GE Vernova in a report on Thursday, November 21st. They set an “overweight” rating and a $385.00 price target on the stock. Finally, Hsbc Global Res cut shares of 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, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $335.33 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09. The firm has a fifty day simple moving average of $294.17 and a two-hundred day simple moving average of $219.39.

About GE Vernova

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.