Huntington National Bank Sells 15,247 Shares of GE Vernova Inc. (NYSE:GEV)

Huntington National Bank trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 33.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,109 shares of the company’s stock after selling 15,247 shares during the period. Huntington National Bank’s holdings in GE Vernova were worth $7,677,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd grew its stake in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after buying an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. bought a new position in GE Vernova in the 3rd quarter valued at $1,101,000. Aspire Private Capital LLC purchased a new stake in GE Vernova in the second quarter worth $40,000. Legal & General Group Plc bought a new stake in shares of GE Vernova during the second quarter worth $293,699,000. Finally, Fractal Investments LLC bought a new stake in shares of GE Vernova during the third quarter worth $1,530,000.

GE Vernova Trading Down 2.2 %

Shares of GEV opened at $326.04 on Friday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $349.79. The stock has a fifty day moving average price of $268.31 and a 200-day moving average price of $206.42.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GEV shares. Evercore ISI raised their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho raised their target price on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. Guggenheim started coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Barclays upped their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.