Plimoth Trust Co. LLC Buys 44 Shares of GE Vernova Inc. (NYSE:GEV)

Plimoth Trust Co. LLC increased its position in GE Vernova Inc. (NYSE:GEV) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,279 shares of the company’s stock after buying an additional 44 shares during the period. Plimoth Trust Co. LLC’s holdings in GE Vernova were worth $836,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova in the second quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova in the second quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $27,000.

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $3.71 during midday trading on Monday, reaching $276.43. 2,518,891 shares of the company traded hands, compared to its average volume of 3,605,889. The firm’s fifty day moving average price is $224.93 and its two-hundred day moving average price is $185.19. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $281.37.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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. Research analysts predict that GE Vernova Inc. will post 3.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GEV shares. Oppenheimer initiated coverage on GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Evercore ISI upped their price objective on shares of GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Mizuho boosted their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group lifted their price target on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday. Finally, Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.83.

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.