Raymond James Trust N.A. Has $5.17 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Raymond James Trust N.A. boosted its position in shares of GE Vernova Inc. (NYSE:GEV) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,288 shares of the company’s stock after purchasing an additional 1,818 shares during the period. Raymond James Trust N.A.’s holdings in GE Vernova were worth $5,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newport Trust Company LLC bought a new stake in GE Vernova in the second quarter worth $650,140,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova during the 2nd quarter valued at about $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova during the first quarter valued at approximately $367,474,000. WCM Investment Management LLC raised its position in shares of GE Vernova by 83.1% in the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after purchasing an additional 1,161,901 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of GE Vernova in the second quarter worth $399,770,000.

GE Vernova Price Performance

Shares of GEV opened at $349.16 on Friday. The business’s 50 day simple moving average is $286.37 and its 200-day simple moving average is $214.71. GE Vernova Inc. has a one year low of $115.00 and a one year high of $357.09.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Jefferies Financial Group raised their target price on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group upped their price target on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $270.02.

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.