Trust Co. of Vermont Purchases 181 Shares of GE Vernova Inc. (NYSE:GEV)

Trust Co. of Vermont raised its position in GE Vernova Inc. (NYSE:GEV) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,595 shares of the company’s stock after buying an additional 181 shares during the quarter. Trust Co. of Vermont’s holdings in GE Vernova were worth $407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Anderson Hoagland & Co. bought a new position in GE Vernova in the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System bought a new stake in shares of GE Vernova during the 1st quarter worth $2,892,000. Boit C F David acquired a new stake in GE Vernova in the first quarter valued at about $149,000. ANTIPODES PARTNERS Ltd bought a new position in GE Vernova in the first quarter valued at about $30,000. Finally, Nwam LLC acquired a new position in GE Vernova during the first quarter worth about $1,531,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Daiwa Capital Markets started coverage on shares of GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price target on the stock. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Redburn Atlantic assumed coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $246.73.

GE Vernova Price Performance

GEV stock opened at $272.92 on Friday. The stock has a 50-day moving average price of $224.93 and a 200-day moving average price of $184.85. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $281.37.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts forecast that GE Vernova Inc. will post 3.21 earnings per share for the current 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.