2,066 Shares in GE Vernova Inc. (NYSE:GEV) Bought by Whittier Trust Co.

Whittier Trust Co. bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,066 shares of the company’s stock, valued at approximately $354,000.

Other large investors have also bought and sold shares of the company. Global Trust Asset Management LLC bought a new position in GE Vernova during the 2nd quarter worth $26,000. Gradient Investments LLC bought a new position in GE Vernova during the 2nd quarter worth $27,000. Timber Creek Capital Management LLC bought a new position in GE Vernova during the 2nd quarter worth $27,000. First Community Trust NA acquired a new stake in GE Vernova during the 2nd quarter worth about $29,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in GE Vernova during the 2nd quarter worth about $32,000.

GE Vernova Trading Up 6.1 %

GE Vernova stock traded up $11.30 during mid-day trading on Thursday, reaching $195.30. The company’s stock had a trading volume of 1,449,817 shares, compared to its average volume of 3,850,625. The stock has a fifty day moving average of $175.04. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $195.33.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities research analysts forecast that GE Vernova Inc. will post 3.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GEV. Argus began coverage on GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. Evercore ISI increased their price target on GE Vernova from $174.00 to $202.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $189.83.

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.