Plimoth Trust Co. LLC Acquires 44 Shares of GE Vernova Inc. (NYSE:GEV)

Plimoth Trust Co. LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,279 shares of the company’s stock after acquiring an additional 44 shares during the quarter. Plimoth Trust Co. LLC’s holdings in GE Vernova were worth $836,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Maryland State Retirement & Pension System bought a new stake in shares of GE Vernova in the first quarter valued at approximately $2,892,000. Boit C F David acquired a new stake in shares of GE Vernova during the 1st quarter worth $149,000. ANTIPODES PARTNERS Ltd bought a new position in shares of GE Vernova in the first quarter worth $30,000. Nwam LLC bought a new position in shares of GE Vernova in the first quarter worth $1,531,000. Finally, LRI Investments LLC acquired a new position in GE Vernova in the first quarter valued at about $63,000.

GE Vernova Price Performance

Shares of GEV traded up $3.71 during mid-day trading on Monday, reaching $276.43. 2,518,891 shares of the company were exchanged, compared to its average volume of 3,605,889. The business has a 50 day simple moving average of $224.93 and a two-hundred day simple moving average of $185.19. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $281.37.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts anticipate that GE Vernova Inc. will post 3.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Barclays boosted their price objective on shares of GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. BMO Capital Markets lifted their price target on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Finally, Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $300.00 in a research note on Tuesday, September 17th. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.83.

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.