Bridges Investment Management Inc. Sells 395 Shares of GE Vernova Inc. (NYSE:GEV)

Bridges Investment Management Inc. cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,287 shares of the company’s stock after selling 395 shares during the quarter. Bridges Investment Management Inc.’s holdings in GE Vernova were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Assetmark Inc. raised its position in GE Vernova by 1,280.4% in the 3rd quarter. Assetmark Inc. now owns 7,689 shares of the company’s stock worth $1,961,000 after purchasing an additional 7,132 shares during the period. Pegasus Partners Ltd. increased its holdings in shares of GE Vernova by 56.1% in the third quarter. Pegasus Partners Ltd. now owns 2,265 shares of the company’s stock worth $578,000 after buying an additional 814 shares during the period. Carson Advisory Inc. purchased a new position in shares of GE Vernova in the third quarter worth about $257,000. SpiderRock Advisors LLC boosted its holdings in GE Vernova by 11.9% during the 3rd quarter. SpiderRock Advisors LLC now owns 1,875 shares of the company’s stock valued at $478,000 after acquiring an additional 199 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in GE Vernova during the 3rd quarter valued at about $296,000.

GE Vernova Stock Performance

GE Vernova stock opened at $341.18 on Friday. The stock’s 50 day moving average is $260.05 and its 200 day moving average is $202.14. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $342.79.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent research reports. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Evercore ISI increased their price target 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. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Mizuho increased their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada boosted their price target on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average 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.