CENTRAL TRUST Co Acquires 2,726 Shares of GE Vernova Inc. (NYSE:GEV)

CENTRAL TRUST Co grew its holdings in GE Vernova Inc. (NYSE:GEV) by 47.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,464 shares of the company’s stock after buying an additional 2,726 shares during the period. CENTRAL TRUST Co’s holdings in GE Vernova were worth $2,158,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova in the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova during the second quarter worth approximately $27,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEV. Jefferies Financial Group increased their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group boosted their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Bank of America boosted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a report on Monday. They set a “buy” rating and a $354.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $297.00 on Friday. The company’s 50 day moving average is $230.78 and its 200 day moving average is $187.97. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $297.54.

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 business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. Equities analysts expect that GE Vernova Inc. will post 3.21 EPS 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.