City State Bank Acquires Shares of 276 GE Vernova Inc. (NYSE:GEV)

City State Bank acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 276 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova during the first quarter worth approximately $30,000. Institutional & Family Asset Management LLC purchased a new stake in shares of GE Vernova in the second quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of GE Vernova in the second quarter valued at $41,000. LRI Investments LLC purchased a new position in GE Vernova during the first quarter worth about $63,000. Finally, Beach Investment Counsel Inc. PA acquired a new stake in GE Vernova during the second quarter worth about $93,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on GEV shares. Argus assumed coverage on GE Vernova in a report on Thursday, June 13th. They set a “buy” rating and a $190.00 target price on the stock. Raymond James assumed coverage on GE Vernova in a research report on Wednesday, April 17th. They set an “outperform” rating and a $160.00 target price on the stock. Citigroup initiated coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 target price on the stock. The Goldman Sachs Group boosted their price objective on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America began coverage on GE Vernova in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $150.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.04.

GE Vernova Trading Up 1.3 %

Shares of GEV traded up $2.11 during midday trading on Tuesday, hitting $164.35. 2,799,946 shares of the company’s stock traded hands, compared to its average volume of 4,141,965. The company’s fifty day moving average is $171.88. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $185.50.

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.