Orrstown Financial Services Inc. Acquires New Shares in GE Vernova Inc. (NYSE:GEV)

Orrstown Financial Services Inc. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,021 shares of the company's stock, valued at approximately $515,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC grew its holdings in shares of GE Vernova by 0.9% during the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company's stock worth $1,149,000 after purchasing an additional 40 shares in the last quarter. Whittier Trust Co. grew its stake in GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company's stock worth $537,000 after buying an additional 40 shares in the last quarter. First Bancorp Inc ME increased its holdings in shares of GE Vernova by 3.1% in the 3rd quarter. First Bancorp Inc ME now owns 1,450 shares of the company's stock worth $370,000 after buying an additional 44 shares during the last quarter. Plimoth Trust Co. LLC raised its position in shares of GE Vernova by 1.4% during the 3rd quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company's stock valued at $836,000 after buying an additional 44 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of GE Vernova by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company's stock worth $706,000 after acquiring an additional 48 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised their price target on GE Vernova from $262.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Morgan Stanley raised their price objective on GE Vernova from $256.00 to $301.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Bank of America increased their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Truist Financial boosted their price objective on shares of GE Vernova from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Barclays boosted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Seven research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $261.40.

GE Vernova Stock Up 3.3 %

NYSE:GEV traded up $9.55 during trading hours on Tuesday, reaching $298.78. 2,029,714 shares of the company traded hands, compared to its average volume of 3,574,080. The business's 50-day moving average price is $237.21 and its two-hundred day moving average price is $191.71. GE Vernova Inc. has a 1 year low of $115.00 and a 1 year high of $298.96.

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.