GE Vernova Inc. (NYSE:GEV) Receives Average Recommendation of “Moderate Buy” from Analysts

GE Vernova Inc. (NYSE:GEV) has been given a consensus rating of “Moderate Buy” by the twenty-six research firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $274.16.

A number of equities analysts have weighed in on the stock. Barclays increased their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. William Blair started coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Royal Bank of Canada increased their target price on GE Vernova from $285.00 to $376.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GEV. Pittenger & Anderson Inc. increased its holdings in shares of GE Vernova by 28.0% in the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after buying an additional 35 shares during the period. SteelPeak Wealth LLC increased its stake in GE Vernova by 2.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after purchasing an additional 38 shares during the period. Global Retirement Partners LLC lifted its position in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after purchasing an additional 40 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of GE Vernova by 1.9% during the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after purchasing an additional 40 shares during the period. Finally, Dunhill Financial LLC grew its holdings in shares of GE Vernova by 21.6% in the third quarter. Dunhill Financial LLC now owns 225 shares of the company’s stock worth $57,000 after purchasing an additional 40 shares during the last quarter.

GE Vernova Trading Down 1.0 %

GEV stock opened at $335.35 on Thursday. The stock has a fifty day moving average of $292.35 and a 200-day moving average of $218.58. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $357.09.

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.