GE Vernova (NYSE:GEV) Stock Price Up 2.1% – What’s Next?

GE Vernova Inc. (NYSE:GEV) was up 2.1% during mid-day trading on Monday . The stock traded as high as $346.67 and last traded at $340.98. Approximately 728,823 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 3,460,021 shares. The stock had previously closed at $334.12.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEV. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. HSBC restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Truist Financial upped their price target on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company began coverage on GE Vernova in a research report on Thursday, November 21st. They set an “overweight” rating and a $385.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Stock Up 2.4 %

The firm has a fifty day moving average price of $295.95 and a two-hundred day moving average price of $221.35.

Institutional Trading of GE Vernova

Large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. grew its stake in GE Vernova by 28.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after acquiring an additional 35 shares in the last quarter. SteelPeak Wealth LLC boosted its holdings in shares of GE Vernova by 2.5% in the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after purchasing an additional 38 shares during the period. Global Retirement Partners LLC grew its stake in GE Vernova by 0.9% in 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. increased its holdings in GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after purchasing an additional 40 shares during the period. Finally, Dunhill Financial LLC raised its position in GE Vernova by 21.6% during the 3rd quarter. Dunhill Financial LLC now owns 225 shares of the company’s stock valued at $57,000 after purchasing an additional 40 shares in the last quarter.

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.