GE Vernova Inc. (NYSE:GEV) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,415 shares of the company’s stock after selling 1,664 shares during the period. MetLife Investment Management LLC’s holdings in GE Vernova were worth $18,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its position in GE Vernova by 2.5% in the 3rd quarter. FMR LLC now owns 24,047,678 shares of the company’s stock valued at $6,131,677,000 after acquiring an additional 584,208 shares in the last quarter. Newport Trust Company LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $650,140,000. Bank of New York Mellon Corp purchased a new stake in GE Vernova during the 2nd quarter worth approximately $537,674,000. WCM Investment Management LLC increased its stake in GE Vernova by 83.1% during the 3rd quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock worth $639,704,000 after buying an additional 1,161,901 shares during the period. Finally, Marshall Wace LLP acquired a new stake in GE Vernova during the 2nd quarter worth approximately $399,770,000.

GE Vernova Trading Down 1.0 %

Shares of NYSE GEV opened at $335.35 on Thursday. The stock has a 50 day moving average of $292.35 and a two-hundred day moving average of $218.58. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $357.09.

Wall Street Analysts Forecast Growth

Several research firms have commented on GEV. Royal Bank of Canada boosted their price target on shares of GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research note on Monday. William Blair began coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Bank of America boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.16.

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.