Bath Savings Trust Co Has $450,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Bath Savings Trust Co cut its position in GE Vernova Inc. (NYSE:GEV) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,766 shares of the company’s stock after selling 85 shares during the period. Bath Savings Trust Co’s holdings in GE Vernova were worth $450,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Newport Trust Company LLC acquired a new position in GE Vernova during the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova in the 1st quarter worth approximately $367,474,000. Marshall Wace LLP purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $399,770,000. Finally, Legal & General Group Plc purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $293,699,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Daiwa Capital Markets assumed coverage on GE Vernova in a research note on Friday, June 21st. They issued an “outperform” rating and a $201.50 target price on the stock. Guggenheim began coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target on the stock. Evercore ISI lifted their price target on shares of GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Argus began coverage on shares of GE Vernova in a report on Thursday, June 13th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, Truist Financial began coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “buy” rating and a $300.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.98.

GE Vernova Trading Up 0.7 %

Shares of GEV stock opened at $264.27 on Wednesday. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $266.56. The stock has a fifty day simple moving average of $207.15.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, analysts predict that GE Vernova Inc. will post 2.83 EPS for the current year.

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.