GE Vernova Inc. (NYSE:GEV) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

by · The Cerbat Gem

Schaper Benz & Wise Investment Counsel Inc. WI decreased its position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,638 shares of the company’s stock after selling 46 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in GE Vernova were worth $1,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new position in shares of GE Vernova in the second quarter worth about $650,140,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova in the 2nd quarter valued at approximately $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $367,474,000. Marshall Wace LLP acquired a new stake in shares of GE Vernova during the second quarter worth approximately $399,770,000. Finally, Legal & General Group Plc bought a new stake in shares of GE Vernova in the second quarter worth $293,699,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $262.00 price objective on shares of GE Vernova in a research note on Friday. Morgan Stanley boosted their price objective on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Oppenheimer initiated coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. HSBC reiterated a “hold” rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Finally, Redburn Atlantic initiated coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $246.73.

Get Our Latest Stock Report on GE Vernova

GE Vernova Price Performance

NYSE:GEV opened at $272.72 on Friday. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $281.37. The business has a fifty day moving average of $224.93 and a 200-day moving average of $184.85.

GE Vernova (NYSE:GEV – Get Free Report) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Analysts forecast that GE Vernova Inc. will post 3.21 earnings per share for the current year.

GE Vernova Profile

(Free Report)

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.

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