Boyd Watterson Asset Management LLC OH Sells 59 Shares of GE Vernova Inc. (NYSE:GEV)

Boyd Watterson Asset Management LLC OH trimmed its position in shares of GE Vernova Inc. (NYSE:GEV) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 787 shares of the company’s stock after selling 59 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in GE Vernova were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $1,149,000 after acquiring an additional 40 shares in the last quarter. Whittier Trust Co. raised 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 worth $537,000 after purchasing an additional 40 shares in the last quarter. First Bancorp Inc ME boosted its holdings in shares of GE Vernova by 3.1% in the 3rd quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock valued at $370,000 after buying an additional 44 shares during the last quarter. Plimoth Trust Co. LLC boosted its holdings in shares of GE Vernova by 1.4% in the 3rd quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company’s stock valued at $836,000 after buying an additional 44 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its holdings in GE Vernova by 1.8% during the third quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock worth $706,000 after buying an additional 48 shares during the last quarter.

Analyst Ratings Changes

GEV has been the subject of a number of recent analyst reports. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Mizuho upped their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America lifted their target price on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $262.00 price target on shares of GE Vernova in a research note on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.88.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $285.88 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $285.94. The stock’s 50-day moving average is $230.78 and its 200 day moving average is $187.97.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Analysts expect that GE Vernova Inc. will post 3.21 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.