CHICAGO TRUST Co NA Purchases 1,233 Shares of GE Vernova Inc. (NYSE:GEV)

CHICAGO TRUST Co NA grew its position in shares of GE Vernova Inc. (NYSE:GEV) by 86.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,653 shares of the company’s stock after purchasing an additional 1,233 shares during the period. CHICAGO TRUST Co NA’s holdings in GE Vernova were worth $676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aspire Private Capital LLC purchased a new position in shares of GE Vernova during the second quarter worth approximately $40,000. Legal & General Group Plc bought a new position in shares of GE Vernova during the 2nd quarter valued at $293,699,000. Central Pacific Bank Trust Division raised its position in GE Vernova by 1,242.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after purchasing an additional 2,175 shares during the period. Park Avenue Securities LLC purchased a new position in GE Vernova in the 3rd quarter worth $2,042,000. Finally, Czech National Bank lifted its stake in GE Vernova by 7.2% in the third quarter. Czech National Bank now owns 55,980 shares of the company’s stock worth $14,274,000 after purchasing an additional 3,751 shares during the last quarter.

Analysts Set New Price Targets

GEV has been the topic of several analyst reports. Truist Financial began coverage on GE Vernova in a report on Thursday, September 26th. They issued a “buy” rating and a $300.00 price objective on the stock. Guggenheim initiated coverage on GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price objective for the company. HSBC restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Finally, Royal Bank of Canada raised their price target on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.63.

GE Vernova Trading Up 0.9 %

Shares of GEV opened at $266.89 on Monday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $270.11. The stock has a 50 day moving average of $214.80.

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 the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. As a group, analysts forecast that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

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.