Temasek Holdings Private Ltd Has $63.71 Million Position in GE Vernova Inc. (NYSE:GEV)

Temasek Holdings Private Ltd reduced its stake in shares of GE Vernova Inc. (NYSE:GEV) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,870 shares of the company’s stock after selling 3,638 shares during the quarter. Temasek Holdings Private Ltd owned 0.09% of GE Vernova worth $63,712,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Waverton Investment Management Ltd increased its stake in shares of GE Vernova by 10.0% in 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 in the last quarter. Hanlon Investment Management Inc. acquired a new stake in shares of GE Vernova in the third quarter valued at $1,101,000. Atria Investments Inc increased its stake in shares of GE Vernova by 127.0% in the third 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 in the last quarter. Aspire Private Capital LLC acquired a new stake in shares of GE Vernova in the second quarter valued at $40,000. Finally, Fractal Investments LLC acquired a new stake in shares of GE Vernova in the third quarter valued at $1,530,000.

Analyst Ratings Changes

A number of brokerages recently commented on GEV. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Guggenheim lifted their price objective on GE Vernova from $300.00 to $400.00 and gave the company a “buy” rating in a report on Thursday. Barclays lifted their price objective on GE Vernova from $320.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI lifted their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial lifted their price objective on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $294.19.

GE Vernova Stock Performance

GEV opened at $348.17 on Friday. The business has a fifty day simple moving average of $302.91 and a 200 day simple moving average of $225.45. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $357.09.

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.