Busey Bank Sells 68 Shares of GE Vernova Inc. (NYSE:GEV)

Busey Bank lessened its holdings in GE Vernova Inc. (NYSE:GEV) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,107 shares of the company’s stock after selling 68 shares during the quarter. Busey Bank’s holdings in GE Vernova were worth $792,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GEV. West Michigan Advisors LLC bought a new stake in GE Vernova during the 3rd quarter worth about $214,000. Walker Asset Management LLC bought a new position in shares of GE Vernova in the third quarter valued at $254,000. Grimes & Company Inc. grew its stake in shares of GE Vernova by 8.1% in the third quarter. Grimes & Company Inc. now owns 3,825 shares of the company’s stock valued at $975,000 after buying an additional 285 shares in the last quarter. CENTRAL TRUST Co increased its holdings in GE Vernova by 47.5% during the third quarter. CENTRAL TRUST Co now owns 8,464 shares of the company’s stock worth $2,158,000 after buying an additional 2,726 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in GE Vernova during the third quarter worth $531,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted their price target on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Mizuho upped their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Jefferies Financial Group raised their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Guggenheim began coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Stock Performance

Shares of GEV opened at $293.50 on Friday. The firm has a 50 day simple moving average of $232.95 and a two-hundred day simple moving average of $188.73. GE Vernova Inc. has a one year low of $115.00 and a one year high of $298.81.

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

GE Vernova Company 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.