2,754 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Argent Trust Co

Argent Trust Co bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,754 shares of the company’s stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Anderson Hoagland & Co. purchased a new stake in GE Vernova during the first quarter valued at $1,720,000. Maryland State Retirement & Pension System purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $2,892,000. Valeo Financial Advisors LLC bought a new position in shares of GE Vernova in the 1st quarter worth approximately $673,000. Boit C F David bought a new position in shares of GE Vernova in the 1st quarter worth approximately $149,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of GE Vernova in the first quarter worth approximately $30,000.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. Argus started coverage on shares of GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 target price for the company. Evercore ISI raised their target price on GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Royal Bank of Canada boosted their price target on GE Vernova from $192.00 to $246.00 and gave the company an “outperform” rating in a report on Tuesday. Daiwa Capital Markets initiated coverage on GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on GE Vernova from $216.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $217.64.

GE Vernova Stock Up 3.7 %

GE Vernova stock opened at $244.45 on Friday. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $245.00. The company’s 50 day moving average is $186.78.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, sell-side analysts predict that GE Vernova Inc. will post 3.02 EPS for the current year.

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.