CHICAGO TRUST Co NA Raises Holdings in GE Vernova Inc. (NYSE:GEV)

CHICAGO TRUST Co NA lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 86.8% in the 3rd quarter, Holdings Channel reports. The firm owned 2,653 shares of the company’s stock after acquiring an additional 1,233 shares during the period. CHICAGO TRUST Co NA’s holdings in GE Vernova were worth $676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anderson Hoagland & Co. purchased a new position in shares of GE Vernova during the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System purchased a new position in shares of GE Vernova in the 1st quarter worth $2,892,000. Boit C F David purchased a new position in shares of GE Vernova in the 1st quarter worth $149,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of GE Vernova in the first quarter worth $30,000. Finally, Nwam LLC purchased a new stake in GE Vernova during the first quarter valued at $1,531,000.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $266.89 on Monday. The stock’s fifty day moving average is $214.80. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $270.11.

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

Analysts Set New Price Targets

A number of research firms have issued reports on GEV. Guggenheim began coverage on GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target for the company. The Goldman Sachs Group upped their target price on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Royal Bank of Canada upped their price objective on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 17th. Finally, Evercore ISI lifted their target price on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.63.

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.