Coastline Trust Co Purchases Shares of 156 GE Vernova Inc. (NYSE:GEV)

Coastline Trust Co acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 156 shares of the company’s stock, valued at approximately $40,000.

Other large investors have also recently made changes to their positions in the company. Newport Trust Company LLC purchased a new stake in shares of GE Vernova in the 2nd quarter valued at $650,140,000. Bank of New York Mellon Corp purchased a new stake in GE Vernova in the second quarter valued at $537,674,000. Price T Rowe Associates Inc. MD acquired a new stake in GE Vernova during the 1st quarter worth about $367,474,000. Marshall Wace LLP purchased a new position in shares of GE Vernova during the 2nd quarter valued at about $399,770,000. Finally, Legal & General Group Plc acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $293,699,000.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GEV shares. Royal Bank of Canada lifted their price target on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted their target price on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised 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. Jefferies Financial Group upped their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Barclays raised their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.55.

GE Vernova Trading Up 1.1 %

Shares of NYSE GEV opened at $329.76 on Monday. The firm has a 50-day simple moving average of $273.49 and a 200-day simple moving average of $209.23. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $349.79.

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.