Connor Clark & Lunn Investment Management Ltd. Sells 11,518 Shares of GE Vernova Inc. (NYSE:GEV)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 79.2% during the third quarter, Holdings Channel reports. The institutional investor owned 3,025 shares of the company’s stock after selling 11,518 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in GE Vernova were worth $771,000 at the end of the most recent reporting period.

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

GE Vernova Stock Down 1.1 %

Shares of GE Vernova stock opened at $335.33 on Friday. The stock’s fifty day moving average is $294.17 and its two-hundred day moving average is $219.39. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GEV shares. Jefferies Financial Group increased their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company assumed coverage on shares of GE Vernova in a report on Thursday, November 21st. They issued an “overweight” rating and a $385.00 target price for the company. BMO Capital Markets upped their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley lifted their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, William Blair assumed coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Company 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.