Webster Bank N. A. Sells 180 Shares of GE Vernova Inc. (NYSE:GEV)

Webster Bank N. A. decreased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 28.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442 shares of the company’s stock after selling 180 shares during the period. Webster Bank N. A.’s holdings in GE Vernova were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEV. Anderson Hoagland & Co. bought a new position in GE Vernova during the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System bought a new position in GE Vernova during the first quarter valued at approximately $2,892,000. Boit C F David bought a new position in GE Vernova in the first quarter worth approximately $149,000. ANTIPODES PARTNERS Ltd bought a new position in GE Vernova in the first quarter worth approximately $30,000. Finally, Nwam LLC bought a new position in GE Vernova in the first quarter worth approximately $1,531,000.

GE Vernova Stock Performance

GE Vernova stock opened at $266.89 on Monday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $270.11. The stock’s fifty day moving average is $214.80.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GEV. Daiwa Capital Markets began coverage on shares of GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. Royal Bank of Canada increased their price target on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group increased their price target on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley increased their price target on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, William Blair began coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Seven 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 stock. Based on data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $241.63.

GE Vernova 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.