Beese Fulmer Investment Management Inc. Reduces Holdings in GE Vernova Inc. (NYSE:GEV)

by · The Cerbat Gem

Beese Fulmer Investment Management Inc. cut its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,600 shares of the company’s stock after selling 207 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in GE Vernova were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of GEV. Maryland State Retirement & Pension System purchased a new stake in GE Vernova during the 1st quarter valued at about $2,892,000. Boit C F David purchased a new position in shares of GE Vernova during the first quarter valued at approximately $149,000. ANTIPODES PARTNERS Ltd bought a new position in shares of GE Vernova during the first quarter valued at approximately $30,000. Nwam LLC bought a new stake in GE Vernova in the first quarter valued at $1,531,000. Finally, LRI Investments LLC purchased a new position in shares of GE Vernova during the first quarter valued at about $63,000.

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent research reports. Mizuho raised their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Barclays boosted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $262.00 target price on shares of GE Vernova in a research note on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price target on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $255.88.

Check Out Our Latest Stock Report on GE Vernova

GE Vernova Stock Up 1.2 %

Shares of GE Vernova stock opened at $279.83 on Thursday. The stock’s fifty day moving average is $230.78 and its 200 day moving average is $187.97. GE Vernova Inc. has a one year low of $115.00 and a one year high of $282.97.

GE Vernova (NYSE:GEV – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities analysts expect that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

GE Vernova Company 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.

Further Reading

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