2,588 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by First Western Trust Bank

First Western Trust Bank purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, HoldingsChannel.com reports. The firm purchased 2,588 shares of the company’s stock, valued at approximately $444,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aspire Private Capital LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $40,000. GAMMA Investing LLC purchased a new position in GE Vernova during the 2nd quarter valued at $776,000. Sequoia Financial Advisors LLC purchased a new position in GE Vernova during the 2nd quarter valued at $2,724,000. Parsons Capital Management Inc. RI bought a new position in GE Vernova in the 2nd quarter worth $275,000. Finally, Armstrong Henry H Associates Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $523,000.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $180.00 target price on shares of GE Vernova in a report on Monday, July 22nd. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. upped their price target on GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, HSBC began coverage on GE Vernova in a research report on Monday, August 12th. They set a “buy” rating and a $215.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.28.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $198.44 on Friday. The business has a 50-day moving average price of $177.44. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $204.19.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. As a group, research analysts predict that GE Vernova Inc. will post 3.1 EPS 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.