Bangor Savings Bank Grows Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Bangor Savings Bank boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 22.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 643 shares of the company’s stock after buying an additional 118 shares during the period. Bangor Savings Bank’s holdings in GE Vernova were worth $164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova during the first quarter worth about $1,720,000. Maryland State Retirement & Pension System bought a new stake in shares of GE Vernova during the first quarter valued at approximately $2,892,000. Boit C F David purchased a new position in shares of GE Vernova in the first quarter worth $149,000. ANTIPODES PARTNERS Ltd bought a new position in shares of GE Vernova during the first quarter worth $30,000. Finally, Nwam LLC purchased a new position in GE Vernova during the first quarter valued at $1,531,000.

Analyst Ratings Changes

Several brokerages have commented on GEV. Barclays boosted their price target on shares of GE Vernova from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Evercore ISI boosted their target price on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Royal Bank of Canada raised their price target on GE Vernova from $192.00 to $246.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Daiwa America raised GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Finally, The Goldman Sachs Group increased their target price on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.98.

GE Vernova Trading Up 0.7 %

GEV opened at $264.27 on Wednesday. The company’s 50 day simple moving average is $207.15. GE Vernova Inc. has a one year low of $115.00 and a one year high of $266.56.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts predict that GE Vernova Inc. will post 2.83 earnings per share for the current 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.