Community Bank of Raymore Sells 200 Shares of GE Vernova Inc. (NYSE:GEV)

Community Bank of Raymore lowered its stake in GE Vernova Inc. (NYSE:GEV) by 7.8% during the third quarter, Holdings Channel.com reports. The fund owned 2,348 shares of the company’s stock after selling 200 shares during the period. Community Bank of Raymore’s holdings in GE Vernova were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova in the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova in the second quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova during the 2nd quarter valued at $27,000.

GE Vernova Stock Performance

GEV opened at $274.77 on Thursday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $276.19. The business has a 50-day moving average of $221.17 and a two-hundred day moving average of $183.61.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. Research analysts predict that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on GEV shares. BMO Capital Markets boosted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Mizuho boosted their target price on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Daiwa America raised GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Seven research 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 company’s stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $243.78.

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.