1,382 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. bought a new stake in GE Vernova Inc. (NYSE:GEV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,382 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova in the 1st quarter valued at about $367,474,000. Steadfast Capital Management LP purchased a new stake in shares of GE Vernova in the 1st quarter valued at approximately $80,235,000. Kinetic Partners Management LP acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $20,854,000. Artemis Investment Management LLP purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $21,667,000. Finally, Douglas Lane & Associates LLC acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $16,898,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup began coverage on GE Vernova in a research note on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price target on the stock. Bank of America started coverage on GE Vernova in a report on Wednesday, April 24th. They set a “neutral” rating and a $150.00 target price for the company. Hsbc Global Res upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Monday. The Goldman Sachs Group increased their target price on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price objective on GE Vernova from $195.00 to $216.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.

GE Vernova Stock Up 1.8 %

Shares of NYSE:GEV opened at $179.65 on Wednesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $185.50. The stock’s fifty day simple moving average is $171.94.

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.