Brokerages Set GE Vernova Inc. (NYSE:GEV) PT at $274.16

GE Vernova Inc. (NYSE:GEV) has received a consensus rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $274.16.

GEV has been the topic of several research reports. Evercore ISI boosted their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Morgan Stanley lifted their price target on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Finally, Truist Financial raised their price objective on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in GE Vernova by 2.5% during the 3rd quarter. FMR LLC now owns 24,047,678 shares of the company’s stock worth $6,131,677,000 after acquiring an additional 584,208 shares during the last quarter. State Street Corp increased its position in GE Vernova by 1.1% in the third quarter. State Street Corp now owns 10,434,917 shares of the company’s stock worth $2,660,695,000 after purchasing an additional 118,184 shares during the period. Mountaineer Partners Management LLC acquired a new position in GE Vernova during the 3rd quarter valued at about $2,507,296,000. Geode Capital Management LLC grew its position in shares of GE Vernova by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,594,223 shares of the company’s stock worth $1,420,763,000 after buying an additional 80,479 shares during the period. Finally, Newport Trust Company LLC bought a new stake in shares of GE Vernova during the second quarter worth approximately $650,140,000.

GE Vernova Trading Up 1.0 %

Shares of GEV stock opened at $337.54 on Thursday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $357.09. The business’s fifty day moving average is $295.95 and its 200-day moving average is $221.35.

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.