Rep. Laurel M. Lee Sells Off Shares of GE Vernova Inc. (NYSE:GEV)

Representative Laurel M. Lee (R-Florida) recently sold shares of GE Vernova Inc. (NYSE:GEV). In a filing disclosed on November 21st, the Representative disclosed that they had sold between $15,001 and $50,000 in GE Vernova stock on November 8th.

Representative Laurel M. Lee also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 10/21/2024.
• Purchased $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 10/7/2024.
• Purchased $50,001 – $100,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 9/10/2024.

GE Vernova Price Performance

Shares of GE Vernova stock 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 firm has a 50-day moving average of $286.37 and a 200-day moving average of $215.05.

Institutional Investors Weigh In On GE Vernova

Several hedge funds have recently modified their holdings of the company. Waverton Investment Management Ltd boosted 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 purchasing an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. bought a new position in GE Vernova in the 3rd quarter valued at approximately $1,101,000. Atria Investments Inc raised its holdings in GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after buying an additional 2,847 shares during the last quarter. Aspire Private Capital LLC acquired a new stake in GE Vernova during the 2nd quarter worth approximately $40,000. Finally, Fractal Investments LLC bought a new stake in GE Vernova during the 3rd quarter worth approximately $1,530,000.

Analysts Set New Price Targets

A number of research firms have issued reports on GEV. Bank of America boosted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. HSBC reiterated a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company initiated coverage on GE Vernova in a research report on Thursday. They set an “overweight” rating and a $385.00 target price for the company. Finally, Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.02.

About Representative Lee

Laurel Lee (Republican Party) is a member of the U.S. House, representing Florida’s 15th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2025. Lee (Republican Party) is running for re-election to the U.S. House to represent Florida’s 15th Congressional District. She declared candidacy for the Republican primary scheduled on August 20, 2024. Gov. Ron DeSantis (R) appointed Lee to serve as the Florida Secretary of State on January 28, 2019, after the resignation of Michael Ertel on January 24. Lee resigned on May 16, 2022. Lee was a judge of the 13th Judicial Circuit Court in Florida from 2013 to 2019. She was appointed to the court by Gov. Rick Scott (R) in May 2013. She was elected to the position in 2014. Laurel Lee earned undergraduate and law degrees from the University of Florida. Lee’s career experience includes working as an attorney with Carlton Fields, P.A., an assistant federal public defender and assistant U.S. attorney with the United States District Court for the Middle District of Florida, and a law clerk to James S. Moody on the United States District Court for the Middle District of Florida.

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.