MetLife Investment Management LLC Lowers Holdings in GE Vernova Inc. (NYSE:GEV)

MetLife Investment Management LLC reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,415 shares of the company’s stock after selling 1,664 shares during the quarter. MetLife Investment Management LLC’s holdings in GE Vernova were worth $18,209,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Pittenger & Anderson Inc. increased its holdings in shares of GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after purchasing an additional 35 shares in the last quarter. SteelPeak Wealth LLC grew its position in GE Vernova by 2.5% during the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares during the period. Global Retirement Partners LLC increased its holdings in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after buying an additional 40 shares in the last quarter. Whittier Trust Co. raised its position in shares of GE Vernova by 1.9% in the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after acquiring an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in shares of GE Vernova by 30.3% in the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after acquiring an additional 43 shares during the period.

Analyst Ratings Changes

GEV has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. Oppenheimer initiated coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Guggenheim began coverage on GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. HSBC reissued a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Truist Financial increased their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Trading Down 1.0 %

NYSE:GEV opened at $335.35 on Thursday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $357.09. The company’s 50-day moving average is $292.35 and its two-hundred day moving average is $218.58.

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.