Boston Trust Walden Corp Takes $230,000 Position in GE Vernova Inc. (NYSE:GEV)

Boston Trust Walden Corp acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,339 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Anderson Hoagland & Co. purchased a new position in GE Vernova in the first quarter worth $1,720,000. Maryland State Retirement & Pension System purchased a new position in GE Vernova during the 1st quarter worth $2,892,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in GE Vernova during the 1st quarter valued at about $478,000. Valeo Financial Advisors LLC purchased a new stake in GE Vernova in the first quarter valued at about $673,000. Finally, Boit C F David acquired a new stake in GE Vernova in the first quarter worth about $149,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on GEV. The Goldman Sachs Group upped their price objective on shares of GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Hsbc Global Res raised shares of GE Vernova to a “strong-buy” rating in a report on Monday, August 12th. HSBC assumed coverage on shares of GE Vernova in a report on Monday, August 12th. They set a “buy” rating and a $215.00 price objective on the stock. Mizuho raised their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Daiwa America raised GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $189.83.

GE Vernova Stock Down 2.5 %

NYSE:GEV opened at $184.06 on Monday. The company’s 50 day moving average price is $173.37. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $190.80.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share 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 analysts’ expectations of $8.42 billion. Analysts expect that GE Vernova Inc. will post 3.43 earnings per share for the current fiscal 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.