Graybill Wealth Management LTD. Raises Position in GE Vernova Inc. (NYSE:GEV)

Graybill Wealth Management LTD. boosted its position in shares of GE Vernova Inc. (NYSE:GEV) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,040 shares of the company’s stock after purchasing an additional 48 shares during the period. Graybill Wealth Management LTD.’s holdings in GE Vernova were worth $1,795,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

GEV has been the topic of a number of recent research reports. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a 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 report on Monday, October 14th. Guggenheim began coverage on GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. Jefferies Financial Group increased their price target on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday. Finally, William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $251.83.

GE Vernova Stock Performance

Shares of NYSE GEV traded down $1.44 during mid-day trading on Tuesday, reaching $274.99. 797,596 shares of the company traded hands, compared to its average volume of 3,585,747. The company’s fifty day moving average is $226.93 and its two-hundred day moving average is $186.25. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $281.37.

GE Vernova (NYSE:GEV) last released its quarterly 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 firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts expect that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal 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.