First Horizon Advisors Inc. Has $193,000 Stake in GE Vernova Inc. (NYSE:GEV)

First Horizon Advisors Inc. lowered its stake in GE Vernova Inc. (NYSE:GEV) by 33.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 757 shares of the company’s stock after selling 388 shares during the period. First Horizon Advisors Inc.’s holdings in GE Vernova were worth $193,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GEV. Newport Trust Company LLC bought a new stake in shares of GE Vernova during the second quarter worth $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova in the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the 1st quarter worth about $367,474,000. WCM Investment Management LLC lifted its position 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 valued at $639,704,000 after purchasing an additional 1,161,901 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of GE Vernova in the 2nd quarter valued at about $399,770,000.

GE Vernova Stock Performance

NYSE GEV opened at $349.16 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09. The stock’s 50 day moving average price is $286.37 and its two-hundred day moving average price is $215.05.

Analyst Ratings Changes

Several equities analysts recently weighed in on GEV shares. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. William Blair started coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Morgan Stanley raised their target price on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Oppenheimer initiated coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. 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. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $270.02.

GE Vernova 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.