GE Vernova Inc. (NYSE:GEV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of GE Vernova Inc. (NYSE:GEV) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $188.04.

GEV has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Daiwa Capital Markets started coverage on GE Vernova in a report on Friday, June 21st. They issued an “outperform” rating and a $201.50 price target on the stock. Redburn Atlantic started coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price objective on the stock. Morgan Stanley raised GE Vernova from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $220.00 in a research note on Thursday. Finally, Melius started coverage on GE Vernova in a research note on Monday, April 22nd. They issued a “hold” rating and a $147.00 price objective on the stock.

Institutional Trading of GE Vernova

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System purchased a new stake in shares of GE Vernova during the 1st quarter valued at $2,892,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of GE Vernova during the 1st quarter valued at $367,474,000. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova during the 1st quarter valued at $1,720,000. Nwam LLC purchased a new stake in shares of GE Vernova during the 1st quarter valued at $1,531,000. Finally, LRI Investments LLC purchased a new stake in shares of GE Vernova during the 1st quarter valued at $63,000.

GE Vernova Trading Down 2.4 %

Shares of NYSE GEV opened at $174.03 on Friday. The business has a 50 day simple moving average of $172.44. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $185.50.

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.