GE Vernova (NYSE:GEV) PT Raised to $256.00

GE Vernova (NYSE:GEV) had its price target boosted by Morgan Stanley from $220.00 to $256.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the stock.

GEV has been the topic of a number of other research reports. Citigroup began coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a neutral rating and a $183.00 price target on the stock. Royal Bank of Canada reissued an outperform rating and issued a $180.00 target price on shares of GE Vernova in a research note on Monday, July 22nd. BMO Capital Markets started coverage on GE Vernova in a research report on Friday. They set an outperform rating and a $245.00 target price for the company. Argus started coverage on GE Vernova in a research note on Thursday, June 13th. They issued a buy rating and a $190.00 price target for the company. Finally, Daiwa Capital Markets started coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an outperform rating and a $201.50 price objective on the stock. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $203.03.

GE Vernova Price Performance

Shares of GEV stock opened at $225.59 on Friday. GE Vernova has a 12 month low of $115.00 and a 12 month high of $228.68. The stock has a 50-day moving average price of $181.89.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping 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. Equities analysts anticipate that GE Vernova will post 3.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

Several institutional investors have recently bought and sold shares of the company. Aspire Private Capital LLC bought a new stake in shares of GE Vernova in the second quarter worth $40,000. GAMMA Investing LLC bought a new stake in GE Vernova during the 2nd quarter worth about $776,000. Sequoia Financial Advisors LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $2,724,000. Parsons Capital Management Inc. RI acquired a new position in shares of GE Vernova during the 2nd quarter worth about $275,000. Finally, Armstrong Henry H Associates Inc. bought a new stake in GE Vernova during the second quarter worth about $523,000.

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.