ZWJ Investment Counsel Inc. Trims Position in GE Vernova Inc. (NYSE:GEV)

ZWJ Investment Counsel Inc. lowered its holdings in GE Vernova Inc. (NYSE:GEV) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,932 shares of the company’s stock after selling 57 shares during the period. ZWJ Investment Counsel Inc.’s holdings in GE Vernova were worth $1,258,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on GEV. Jefferies Financial Group increased their target price on GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Morgan Stanley raised their price objective on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price for the company. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group lifted their price target on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $243.78.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $274.77 on Thursday. The business has a 50-day moving average price of $221.17 and a 200 day moving average price of $183.61. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $276.19.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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, equities analysts forecast that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

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.