Inscription Capital LLC Has $296,000 Holdings in GE Vernova Inc. (NYSE:GEV)

Inscription Capital LLC trimmed its stake in GE Vernova Inc. (NYSE:GEV) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,162 shares of the company’s stock after selling 55 shares during the period. Inscription Capital LLC’s holdings in GE Vernova were worth $296,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Jefferies Financial Group upped their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. HSBC reissued a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Truist Financial increased their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. Finally, BMO Capital Markets raised their price target on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Seven 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Price Performance

GE Vernova stock opened at $289.29 on Tuesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $298.81. The business’s fifty day simple moving average is $237.21 and its two-hundred day simple moving average is $191.71.

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.