First National Trust Co Invests $257,000 in GE Vernova Inc. (NYSE:GEV)

First National Trust Co purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,009 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds have also recently bought and sold shares of GEV. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the 2nd quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova in the 2nd quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova in the 2nd quarter worth approximately $27,000.

GE Vernova Stock Up 3.0 %

Shares of GEV stock opened at $333.32 on Thursday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $349.79. The firm’s fifty day simple moving average is $265.64 and its 200 day simple moving average is $205.53.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of GE Vernova from $256.00 to $301.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Guggenheim assumed coverage on GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company. Mizuho raised their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $261.40.

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.