Everett Harris & Co. CA Has $415,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Everett Harris & Co. CA lowered its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 5.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,628 shares of the company’s stock after selling 99 shares during the period. Everett Harris & Co. CA’s holdings in GE Vernova were worth $415,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GEV. Northside Capital Management LLC bought a new position in GE Vernova in the third quarter valued at about $288,000. TriaGen Wealth Management LLC boosted its stake in shares of GE Vernova by 10.5% in the 3rd quarter. TriaGen Wealth Management LLC now owns 1,352 shares of the company’s stock valued at $345,000 after purchasing an additional 128 shares in the last quarter. First Bancorp Inc ME grew its holdings in shares of GE Vernova by 3.1% during the 3rd quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock valued at $370,000 after purchasing an additional 44 shares during the last quarter. NovaPoint Capital LLC increased its position in GE Vernova by 7.7% during the 3rd quarter. NovaPoint Capital LLC now owns 5,053 shares of the company’s stock worth $1,288,000 after purchasing an additional 361 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in GE Vernova in the 3rd quarter valued at approximately $602,000.

GE Vernova Stock Performance

Shares of GE Vernova stock opened at $272.72 on Friday. The stock’s 50-day moving average is $224.93 and its 200 day moving average is $184.85. GE Vernova Inc. has a one year low of $115.00 and a one year high of $281.37.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Analysts expect that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GEV. HSBC reaffirmed a “hold” rating and set a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $240.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Truist Financial initiated coverage on GE Vernova in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price for the company. Bank of America upgraded GE Vernova from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $300.00 in a report on Tuesday, September 17th. Finally, Evercore ISI upped their price objective on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $246.73.

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.