First Manhattan Reduces $3M in GE Vernova Inc. ($GEV)
Key Points
- First Manhattan changed its GE Vernova Inc. ($GEV) stake by 1.0% last quarter, cutting to 273,360 shares worth $247.74 million.
- Wall Street's consensus rating on $GEV is Buy and an average price target of $1,211.89.
- $GEV last traded around $906.27.
First Manhattan trimmed its position in GE Vernova Inc. ($GEV) by 1.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,360 shares of GE Vernova Inc. after selling 2,884 shares during the quarter. First Manhattan's holdings in GE Vernova Inc. were worth $247.74 million as of its most recent filing.
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About GE Vernova Inc.
GE Vernova Inc., an energy company, engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa. The company operates through three segments: Power, Wind, and Electrification. The Power segment designs, manufactures, and services gas, nuclear, hydro, and steam technologies. It serves industrial, government, and other customers. The Wind segment offers wind generation technologies, including onshore and offshore wind turbines and blades. The Electrification segment provides grid solutions; power conversion; electrification software; and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. The company was incorporated in 2023 and is headquartered in Cambridge, Massachusetts.
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