City State Bank Invests $47,000 in GE Vernova Inc. (NYSE:GEV)

City State Bank purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) during the second quarter, Holdings Channel.com reports. The firm purchased 276 shares of the company’s stock, valued at approximately $47,000.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova during the 1st quarter worth about $367,474,000. Steadfast Capital Management LP bought a new stake in GE Vernova during the first quarter worth $80,235,000. Kinetic Partners Management LP acquired a new stake in GE Vernova during the 1st quarter valued at $20,854,000. Yaupon Capital Management LP bought a new stake in shares of GE Vernova in the first quarter valued at about $10,256,000. Finally, DNB Asset Management AS bought a new position in GE Vernova in the 2nd quarter valued at about $11,986,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GEV shares. Melius assumed coverage on GE Vernova in a report on Monday, April 22nd. They set a “hold” rating and a $147.00 price target for the company. Raymond James initiated coverage on shares of GE Vernova in a research report on Wednesday, April 17th. They set an “outperform” rating and a $160.00 price target for the company. Mizuho lifted their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Daiwa Capital Markets initiated coverage on shares of GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $180.00 price target on shares of GE Vernova in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.04.

GE Vernova Trading Up 1.3 %

GEV traded up $2.11 during trading hours on Tuesday, hitting $164.35. 2,799,946 shares of the company’s stock were exchanged, compared to its average volume of 4,141,965. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $185.50. The firm has a 50-day moving average price of $171.88.

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.