Compagnie Lombard Odier SCmA Has $38,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Compagnie Lombard Odier SCmA reduced its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 97.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148 shares of the company’s stock after selling 5,729 shares during the period. Compagnie Lombard Odier SCmA’s holdings in GE Vernova were worth $38,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in shares of GE Vernova by 59.3% in the 3rd quarter. Sound Income Strategies LLC now owns 427 shares of the company’s stock worth $109,000 after buying an additional 159 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of GE Vernova by 100.5% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,759 shares of the company’s stock worth $703,000 after purchasing an additional 1,383 shares during the last quarter. Concourse Financial Group Securities Inc. increased its position in shares of GE Vernova by 75.6% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock worth $1,264,000 after purchasing an additional 2,134 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in GE Vernova by 86.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 2,653 shares of the company’s stock valued at $676,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in GE Vernova by 628.5% in the third quarter. Exchange Traded Concepts LLC now owns 3,803 shares of the company’s stock valued at $970,000 after buying an additional 3,281 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Oppenheimer assumed coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Guggenheim initiated coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target for the company. Mizuho boosted their price objective on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. HSBC restated a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, William Blair assumed coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $241.63.

GE Vernova Stock Performance

NYSE:GEV opened at $266.89 on Monday. The business has a fifty day moving average of $214.80. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $270.11.

GE Vernova (NYSE:GEV) last issued its 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 company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Analysts forecast that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

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.