Cape Cod Five Cents Savings Bank Invests $214,000 in GE Vernova Inc. (NYSE:GEV)

Cape Cod Five Cents Savings Bank acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,250 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GEV. Newport Trust Company LLC bought a new stake in GE Vernova during the 2nd quarter worth approximately $650,140,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova in the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD bought a new stake in shares of GE Vernova during the 1st quarter valued at $367,474,000. Marshall Wace LLP purchased a new position in shares of GE Vernova during the 2nd quarter valued at $399,770,000. Finally, Legal & General Group Plc bought a new position in GE Vernova in the 2nd quarter worth $293,699,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Mizuho raised their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Guggenheim initiated coverage on shares of GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, The Goldman Sachs Group upped their target price on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $227.48.

GE Vernova Stock Down 0.5 %

Shares of GEV opened at $249.86 on Friday. The stock has a fifty day moving average of $196.33. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $258.64.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, sell-side analysts anticipate that GE Vernova Inc. will post 2.83 earnings per share for the current fiscal year.

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.