1 week Ago By ABMN Staff
Cullen Frost Bankers Inc. purchased a new stake in GE Vernova Inc. ( NYSE:GEV – Free Report ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor purchased 3,421 shares of the company’s stock, valued at approximately $587,000. A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in GE Vernova by 1.
7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after buying an additional 61 shares during the last quarter. Wedmont Private Capital increased its position in shares of GE Vernova by 3.
2% during the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after purchasing an additional 109 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $25,000.
Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $26,000. Finally, Gradient Investments LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at $27,000. Analysts Set New Price Targets Several equities research analysts have recently issued reports on GEV shares.
Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price on shares of GE Vernova in a research report on Monday, August 26th. Jefferies Financial Group started coverage on GE Vernova in a research report on Wednesday, September 4th.
They set a “buy” rating and a $261.00 target price for the company. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th.
They set an “outperform” rating for the company. Argus started coverage on GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.
00 target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $180.00 target price on shares of GE Vernova in a research report on Monday, July 22nd.
Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.28.
GE Vernova Stock Down 0.1 % Shares of NYSE GEV opened at $198.33 on Monday.
GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $204.
19. The business has a 50-day moving average of $177.98.
GE Vernova ( NYSE:GEV – Get Free Report ) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.
69 by $0.02. The company had revenue of $8.
20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, equities analysts forecast that GE Vernova Inc.
will post 3.1 earnings per share for the current fiscal year. GE Vernova Company Profile ( Free Report ) 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.
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