NBT Bank N A NY Invests $437,000 in GE Vernova Inc. (NYSE:GEV)

NBT Bank N A NY bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,547 shares of the company’s stock, valued at approximately $437,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova during the first quarter worth about $1,720,000. Maryland State Retirement & Pension System purchased a new stake in GE Vernova during the 1st quarter worth approximately $2,892,000. Valeo Financial Advisors LLC acquired a new position in GE Vernova during the 1st quarter valued at approximately $673,000. Boit C F David purchased a new position in shares of GE Vernova in the first quarter worth $149,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the first quarter worth $30,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research reports. Citigroup initiated coverage on GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $180.00 price objective on shares of GE Vernova in a report on Monday, July 22nd. Morgan Stanley restated an “overweight” rating and issued a $220.00 price objective on shares of GE Vernova in a research note on Monday, August 26th. Argus assumed coverage on GE Vernova in a research report on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price on the stock. Finally, William Blair assumed coverage on shares of GE Vernova in a research report on Thursday. They set an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.83.

GE Vernova Trading Up 5.0 %

GEV stock opened at $201.00 on Friday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $201.37. The firm’s fifty day moving average price is $175.93.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Research analysts predict that GE Vernova Inc. will post 3.1 earnings per share for the current year.

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.