Hall Laurie J Trustee Invests $317,000 in GE Vernova Inc. (NYSE:GEV)

Hall Laurie J Trustee acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,847 shares of the company’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Trust Asset Management LLC purchased a new position in shares of GE Vernova during the second quarter worth about $26,000. Gradient Investments LLC purchased a new position in shares of GE Vernova during the second quarter worth about $27,000. Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova during the second quarter worth about $27,000. First Community Trust NA purchased a new position in shares of GE Vernova during the second quarter worth about $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of GE Vernova during the second quarter worth about $32,000.

GE Vernova Stock Down 0.8 %

Shares of GE Vernova stock traded down $1.40 during midday trading on Tuesday, reaching $184.00. 1,131,949 shares of the company’s stock traded hands, compared to its average volume of 3,961,672. The company’s 50 day moving average is $174.06. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $190.80.

GE Vernova (NYSE:GEV) last announced 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 the consensus estimate of $8.42 billion. On average, research analysts anticipate that GE Vernova Inc. will post 3.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GEV shares. Redburn Atlantic started coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price for the company. The Goldman Sachs Group upped their target price on 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 reaffirmed an “outperform” rating and issued a $180.00 target price on shares of GE Vernova in a research note on Monday, July 22nd. Daiwa Capital Markets started coverage on GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price for the company. Finally, Evercore ISI upped their target price on GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $189.83.

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.