Wedmont Private Capital Purchases 316 Shares of GE Vernova Inc. (NYSE:GEV)

Wedmont Private Capital lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 8.9% during the third quarter, Holdings Channel.com reports. The firm owned 3,849 shares of the company’s stock after buying an additional 316 shares during the quarter. Wedmont Private Capital’s holdings in GE Vernova were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the second quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new position in shares of GE Vernova during the second quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova during the second quarter worth approximately $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova during the 2nd quarter worth $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in GE Vernova in the 2nd quarter valued at $27,000.

Analyst Ratings Changes

Several research firms have recently issued reports on GEV. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. Mizuho boosted their target price on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. William Blair began coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley upped their target price on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $241.63.

GE Vernova Stock Down 0.7 %

Shares of GEV stock opened at $264.62 on Friday. The business has a 50 day simple moving average of $210.95. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $269.30.

GE Vernova (NYSE:GEV) last issued its earnings results 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 business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, research analysts anticipate that GE Vernova Inc. will post 2.83 earnings per share 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.