Hoertkorn Richard Charles Sells 331 Shares of GE Vernova Inc. (NYSE:GEV)

Hoertkorn Richard Charles lowered its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,812 shares of the company’s stock after selling 331 shares during the period. GE Vernova makes up 2.0% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 15th largest holding. Hoertkorn Richard Charles’ holdings in GE Vernova were worth $4,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova during the second quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova in the second quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in GE Vernova during the second quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova in the second quarter worth $27,000.

GE Vernova Stock Up 1.2 %

Shares of NYSE:GEV opened at $279.83 on Thursday. The business has a 50-day moving average of $230.78 and a two-hundred day moving average of $187.97. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $282.97.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, equities analysts predict that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on shares of GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Guggenheim assumed coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price for the company. Jefferies Financial Group lifted their target price on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Oppenheimer assumed coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Finally, Mizuho boosted their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.88.

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.