BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $11.66 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,730 shares of the company’s stock after selling 6,766 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in GE Vernova were worth $11,660,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Acropolis Investment Management LLC bought a new stake in shares of GE Vernova during the third quarter valued at approximately $101,000. Point72 Europe London LLP acquired a new stake in GE Vernova in the 3rd quarter valued at $561,000. Caisse DE Depot ET Placement DU Quebec grew its position in GE Vernova by 164.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 355,525 shares of the company’s stock valued at $90,652,000 after purchasing an additional 221,179 shares during the period. PDT Partners LLC bought a new stake in GE Vernova during the 3rd quarter valued at $3,187,000. Finally, Verition Fund Management LLC raised its holdings in GE Vernova by 1,709.2% during the third quarter. Verition Fund Management LLC now owns 58,327 shares of the company’s stock worth $14,872,000 after buying an additional 55,103 shares during the last quarter.

Analyst Ratings Changes

GEV has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Wells Fargo & Company assumed coverage on GE Vernova in a research report on Thursday, November 21st. They set an “overweight” rating and a $385.00 target price on the stock. Finally, Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating for the company. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Stock Performance

Shares of GEV stock opened at $334.12 on Monday. The company has a 50 day moving average of $295.95 and a 200-day moving average of $221.35. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09.

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.