First National Trust Co Invests $257,000 in GE Vernova Inc. (NYSE:GEV)

First National Trust Co acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the third quarter, HoldingsChannel reports. The firm acquired 1,009 shares of the company’s stock, valued at approximately $257,000.

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

GE Vernova Stock Up 3.0 %

Shares of GEV opened at $333.32 on Thursday. The stock’s fifty day simple moving average is $265.64 and its 200-day simple moving average is $205.53. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $349.79.

Analysts Set New Price Targets

Several research firms have recently weighed in on GEV. Guggenheim initiated coverage on GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective on the stock. Barclays increased their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, Bank of America boosted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $261.40.

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.