WoodTrust Financial Corp Reduces Stake in GE Vernova Inc. (NYSE:GEV)

WoodTrust Financial Corp lowered its position in GE Vernova Inc. (NYSE:GEV) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,323 shares of the company’s stock after selling 39 shares during the period. WoodTrust Financial Corp’s holdings in GE Vernova were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GEV. Graypoint LLC grew its stake in shares of GE Vernova by 18.7% during the 3rd quarter. Graypoint LLC now owns 2,150 shares of the company’s stock valued at $548,000 after purchasing an additional 338 shares during the period. Forte Capital LLC ADV purchased a new position in shares of GE Vernova in the third quarter worth approximately $231,000. Consilium Wealth Advisory LLC grew its position in GE Vernova by 81.8% during the third quarter. Consilium Wealth Advisory LLC now owns 5,397 shares of the company’s stock valued at $1,376,000 after buying an additional 2,429 shares during the period. Radnor Capital Management LLC increased its holdings in GE Vernova by 3.5% during the third quarter. Radnor Capital Management LLC now owns 16,386 shares of the company’s stock valued at $4,178,000 after buying an additional 552 shares during the last quarter. Finally, Catalina Capital Group LLC bought a new position in GE Vernova in the third quarter worth approximately $202,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GEV. Guggenheim began coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Morgan Stanley raised their price objective on GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. William Blair initiated coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Up 6.5 %

Shares of GEV opened at $336.22 on Thursday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $338.58. The business’s 50 day simple moving average is $254.36 and its 200-day simple moving average is $199.77.

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.