Smithfield Trust Co Purchases 1,727 Shares of GE Vernova Inc. (NYSE:GEV)

Smithfield Trust Co raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 44.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,600 shares of the company’s stock after purchasing an additional 1,727 shares during the quarter. Smithfield Trust Co’s holdings in GE Vernova were worth $1,431,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Pittenger & Anderson Inc. grew its stake in shares of GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after purchasing an additional 35 shares during the period. SteelPeak Wealth LLC grew its stake in shares of GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after purchasing an additional 38 shares during the period. Global Retirement Partners LLC grew its stake in shares of GE Vernova by 0.9% during the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after acquiring an additional 40 shares during the period. Whittier Trust Co. grew its stake in shares of GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after acquiring an additional 40 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in shares of GE Vernova by 30.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock valued at $47,000 after acquiring an additional 43 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GEV shares. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. HSBC reiterated a “hold” rating and set a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Evercore ISI boosted their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley upped their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $270.02.

GE Vernova Trading Up 0.8 %

GEV opened at $342.77 on Thursday. The business’s 50-day moving average is $281.39 and its two-hundred day moving average is $212.57. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79.

About GE Vernova

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.