200 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Clearstead Trust LLC

Clearstead Trust LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 200 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors have also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in GE Vernova by 1.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after purchasing an additional 61 shares during the last quarter. Wedmont Private Capital raised its position in GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after purchasing an additional 109 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter valued at $25,000. Finally, Meeder Asset Management Inc. bought a new position in GE Vernova in the 2nd quarter valued at $25,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GEV shares. HSBC started coverage on GE Vernova in a research report on Monday, August 12th. They issued a “buy” rating and a $215.00 price objective for the company. Morgan Stanley lifted their target price on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on GE Vernova from $216.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday. Barclays initiated coverage on GE Vernova in a research note on Monday. They issued an “overweight” rating and a $250.00 target price for the company. Finally, Daiwa Capital Markets initiated coverage on GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price for the company. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.64.

GE Vernova Trading Up 1.9 %

NYSE:GEV opened at $229.93 on Tuesday. The company’s 50-day simple moving average is $183.00. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $231.51.

GE Vernova (NYSE:GEV) last announced its quarterly 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 company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities analysts expect that GE Vernova Inc. will post 3.02 EPS for the current fiscal year.

GE Vernova Company 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.