Canandaigua National Bank & Trust Co. Has $675,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Canandaigua National Bank & Trust Co. decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 11.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,646 shares of the company’s stock after selling 352 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in GE Vernova were worth $675,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of GE Vernova by 1.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after purchasing an additional 61 shares during the period. Stonehearth Capital Management LLC increased its position in shares of GE Vernova by 6.1% in the 3rd quarter. Stonehearth Capital Management LLC now owns 1,474 shares of the company’s stock valued at $376,000 after buying an additional 85 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of GE Vernova by 9.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,094 shares of the company’s stock valued at $279,000 after buying an additional 95 shares in the last quarter. Wedmont Private Capital increased its position in shares of GE Vernova by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock valued at $638,000 after buying an additional 109 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova in the 2nd quarter valued at $25,000.

GE Vernova Stock Performance

NYSE:GEV traded up $10.91 during mid-day trading on Friday, hitting $265.59. The stock had a trading volume of 3,159,216 shares, compared to its average volume of 3,736,874. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $266.42. The stock has a 50 day simple moving average of $205.35.

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

Analysts Set New Price Targets

A number of research firms recently commented on GEV. Daiwa Capital Markets began coverage on shares of GE Vernova in a research report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price objective for the company. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Evercore ISI increased their target price on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating for the company. Finally, Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from 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.