GE Vernova (NYSE:GEV) Now Covered by Barclays

Barclays started coverage on shares of GE Vernova (NYSE:GEV) in a report issued on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $250.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Citigroup assumed coverage on GE Vernova in a research report on Tuesday, June 11th. They issued a neutral rating and a $183.00 target price for the company. William Blair initiated coverage on GE Vernova in a research note on Thursday, August 29th. They issued an outperform rating on the stock. Argus began coverage on shares of GE Vernova in a research report on Thursday, June 13th. They issued a buy rating and a $190.00 target price on the stock. Evercore ISI lifted their price target on GE Vernova from $202.00 to $240.00 and gave the stock an outperform rating in a research report on Thursday, September 12th. Finally, BMO Capital Markets assumed coverage on GE Vernova in a research report on Friday, September 13th. They issued an outperform rating and a $245.00 price target on the stock. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $217.64.

GE Vernova Price Performance

GEV stock opened at $244.45 on Monday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $245.00. The stock’s 50-day moving average is $186.78.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, equities analysts anticipate that GE Vernova will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova during the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC bought a new position in shares of GE Vernova during the 2nd quarter worth about $27,000.

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.