JPMorgan Chase & Co. Raises GE Vernova (NYSE:GEV) Price Target to $356.00

GE Vernova (NYSE:GEV) had its price objective lifted by analysts at JPMorgan Chase & Co. from $330.00 to $356.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 8.34% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on GEV. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Wells Fargo & Company assumed coverage on GE Vernova in a report on Thursday, November 21st. They set an “overweight” rating and a $385.00 target price on the stock. Morgan Stanley lifted their price target on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $275.34.

GE Vernova Price Performance

Shares of GE Vernova stock traded down $8.96 during midday trading on Tuesday, hitting $328.58. 774,025 shares of the company were exchanged, compared to its average volume of 3,453,004. The firm has a 50 day simple moving average of $295.95 and a 200-day simple moving average of $221.35. GE Vernova has a 52 week low of $115.00 and a 52 week high of $357.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Castleview Partners LLC acquired a new position in GE Vernova during the 3rd quarter worth approximately $28,000. Covestor Ltd grew its position in GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in GE Vernova in the 3rd quarter valued at $31,000. Prestige Wealth Management Group LLC lifted its position in GE Vernova by 175.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock worth $31,000 after buying an additional 77 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in GE Vernova by 1,000.0% during the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after buying an additional 130 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.