SG Americas Securities LLC Sells 4,079 Shares of GE Vernova Inc. (NYSE:GEV)

SG Americas Securities LLC trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 11.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,389 shares of the company’s stock after selling 4,079 shares during the quarter. SG Americas Securities LLC’s holdings in GE Vernova were worth $8,259,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Newport Trust Company LLC bought a new position in shares of GE Vernova in the second quarter valued at about $650,140,000. Bank of New York Mellon Corp bought a new stake in GE Vernova during the 2nd quarter worth about $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in shares of GE Vernova in the 1st quarter valued at about $367,474,000. Marshall Wace LLP bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $399,770,000. Finally, Legal & General Group Plc acquired a new position in shares of GE Vernova in the 2nd quarter valued at approximately $293,699,000.

GE Vernova Price Performance

GEV stock opened at $265.59 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $266.42. The company’s 50 day moving average is $205.35.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. Equities research analysts forecast that GE Vernova Inc. will post 2.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GEV. JPMorgan Chase & Co. upped their price target on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Guggenheim assumed coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Daiwa Capital Markets assumed coverage on GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. Finally, BMO Capital Markets assumed coverage on GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.98.

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.