First Western Trust Bank Sells 90 Shares of GE Vernova Inc. (NYSE:GEV)

First Western Trust Bank decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,498 shares of the company’s stock after selling 90 shares during the period. First Western Trust Bank’s holdings in GE Vernova were worth $637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Newport Trust Company LLC purchased a new position in shares of GE Vernova during the second quarter worth about $650,140,000. Bank of New York Mellon Corp bought a new stake in GE Vernova during the second quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in GE Vernova in the 1st quarter worth approximately $367,474,000. Marshall Wace LLP purchased a new position in GE Vernova in the 2nd quarter worth approximately $399,770,000. Finally, Legal & General Group Plc bought a new position in shares of GE Vernova in the 2nd quarter worth $293,699,000.

GE Vernova Stock Performance

Shares of GEV opened at $329.76 on Monday. The company has a 50-day simple moving average of $273.49 and a two-hundred day simple moving average of $209.23. GE Vernova Inc. has a one year low of $115.00 and a one year high of $349.79.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Guggenheim initiated coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Finally, Evercore ISI lifted their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $264.55.

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.