GE Vernova Inc. (NYSE:GEV) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,039 shares of the company’s stock after selling 204 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in GE Vernova were worth $265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova during the 2nd quarter valued at $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova during the 2nd quarter valued at $27,000.

GE Vernova Price Performance

NYSE:GEV opened at $297.00 on Friday. The business’s 50-day moving average is $230.78 and its two-hundred day moving average is $187.97. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $297.54.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts predict that GE Vernova Inc. will post 3.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GEV shares. Redburn Atlantic started coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research note on Monday. They set a “buy” rating and a $354.00 price target on the stock. Royal Bank of Canada increased their price target on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday. Mizuho increased their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, HSBC reissued a “hold” rating and set a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $261.40.

About GE Vernova

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.