First PREMIER Bank Has $224,000 Stake in GE Vernova Inc. (NYSE:GEV)

First PREMIER Bank reduced its stake in GE Vernova Inc. (NYSE:GEV) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 877 shares of the company’s stock after selling 88 shares during the period. First PREMIER Bank’s holdings in GE Vernova were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova during the second quarter worth $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova during the first quarter valued at about $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $399,770,000. Finally, Legal & General Group Plc bought a new position in GE Vernova in the 2nd quarter valued at about $293,699,000.

GE Vernova Price Performance

GEV stock traded up $1.15 on Wednesday, hitting $265.42. 188,709 shares of the company’s stock were exchanged, compared to its average volume of 3,681,404. The stock’s 50 day simple moving average is $209.19. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $266.56.

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

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent analyst reports. Oppenheimer started coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Jefferies Financial Group lifted their price target on GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Bank of America upgraded GE Vernova from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $300.00 in a research note on Tuesday, September 17th. Argus began coverage on GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 target price on the stock. Finally, Daiwa Capital Markets assumed coverage on shares of GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.98.

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.