Jamison Private Wealth Management Inc. Has $578,000 Holdings in GE Vernova Inc. (NYSE:GEV)

Jamison Private Wealth Management Inc. cut its position in shares of GE Vernova Inc. (NYSE:GEV) by 15.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,266 shares of the company’s stock after selling 422 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in GE Vernova were worth $578,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Miracle Mile Advisors LLC boosted its stake in shares of GE Vernova by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock worth $706,000 after buying an additional 48 shares during the last quarter. Merrion Investment Management Co LLC boosted its position in GE Vernova by 0.8% during the third quarter. Merrion Investment Management Co LLC now owns 6,250 shares of the company’s stock valued at $1,594,000 after purchasing an additional 50 shares during the last quarter. Parisi Gray Wealth Management increased its position in shares of GE Vernova by 3.5% during the 3rd quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock worth $380,000 after purchasing an additional 51 shares during the last quarter. Petredis Investment Advisors LLC increased its position in shares of GE Vernova by 0.4% during the 3rd quarter. Petredis Investment Advisors LLC now owns 13,412 shares of the company’s stock worth $3,420,000 after purchasing an additional 53 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of GE Vernova by 1.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after purchasing an additional 61 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GEV. Evercore ISI boosted their target price on shares of GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Redburn Atlantic started coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Royal Bank of Canada lifted their price target on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Finally, Truist Financial initiated coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “buy” rating and a $300.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.78.

GE Vernova Stock Down 1.2 %

Shares of GE Vernova stock opened at $266.36 on Wednesday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $270.87. The business has a 50-day simple moving average of $218.99.

GE Vernova (NYSE:GEV) last released its quarterly earnings results 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 business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts expect that GE Vernova Inc. will post 3.21 EPS for the current fiscal year.

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.