Raymond James Trust N.A. Acquires Shares of 18,470 GE Vernova Inc. (NYSE:GEV)

Raymond James Trust N.A. bought a new position in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 18,470 shares of the company’s stock, valued at approximately $3,168,000.

Other hedge funds have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in GE Vernova by 1.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after buying an additional 61 shares during the last quarter. Wedmont Private Capital raised its position in GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after purchasing an additional 109 shares during the period. Global Trust Asset Management LLC bought a new stake in GE Vernova in the second quarter worth about $26,000. Gradient Investments LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $27,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $27,000.

GE Vernova Stock Down 0.7 %

GE Vernova stock traded down $1.26 during mid-day trading on Monday, reaching $182.03. 315,787 shares of the company were exchanged, compared to its average volume of 3,893,273. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $190.80. The firm’s fifty day moving average is $174.65.

GE Vernova (NYSE:GEV) last issued 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 company had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. Equities analysts expect that GE Vernova Inc. will post 3.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GEV shares. Citigroup assumed coverage on GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Redburn Atlantic started coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target on the stock. HSBC began coverage on shares of GE Vernova in a report on Monday, August 12th. They set a “buy” rating and a $215.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price on shares of GE Vernova in a research report on Monday. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.