Barclays Raises GE Vernova (NYSE:GEV) Price Target to $300.00

GE Vernova (NYSE:GEV) had its price target hoisted by Barclays from $250.00 to $300.00 in a research note published on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research firms have also recently commented on GEV. Citigroup assumed coverage on GE Vernova in a research report on Tuesday, June 11th. They set a neutral rating and a $183.00 price objective for the company. Daiwa America upgraded shares of GE Vernova to a strong-buy rating in a research note on Friday, June 21st. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $216.00 to $240.00 and gave the company an overweight rating in a research report on Friday, September 13th. Evercore ISI increased their price target on shares of GE Vernova from $202.00 to $240.00 and gave the stock an outperform rating in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $196.00 to $220.00 and gave the company a buy rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GE Vernova presently has an average rating of Moderate Buy and a consensus price target of $234.98.

GE Vernova Trading Up 4.3 %

Shares of NYSE GEV opened at $265.59 on Wednesday. The company’s 50-day moving average is $205.35. GE Vernova has a 52-week low of $115.00 and a 52-week high of $266.42.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities research analysts forecast that GE Vernova will post 2.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Hedge funds have recently modified their holdings of the stock. Aspire Private Capital LLC purchased a new stake in GE Vernova in the 2nd quarter worth $40,000. Legal & General Group Plc bought a new stake in shares of GE Vernova in the second quarter worth about $293,699,000. Central Pacific Bank Trust Division lifted its position in shares of GE Vernova by 1,242.9% in the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after buying an additional 2,175 shares in the last quarter. GAMMA Investing LLC bought a new position in GE Vernova during the second quarter valued at approximately $776,000. Finally, Sequoia Financial Advisors LLC purchased a new position in GE Vernova during the 2nd quarter valued at approximately $2,724,000.

About GE Vernova

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.