Shares of GE Vernova Inc. (NYSE:GEV – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $157.25 and last traded at $154.24, with a volume of 936944 shares trading hands. The stock had previously closed at $148.31.
Analysts Set New Price Targets
GEV has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price objective on shares of GE Vernova in a research report on Friday, April 12th. Evercore ISI initiated coverage on shares of GE Vernova in a report on Thursday, April 18th. They issued an “outperform” rating and a $174.00 target price on the stock. Raymond James began coverage on GE Vernova in a research report on Wednesday, April 17th. They issued an “outperform” rating and a $160.00 price objective for the company. Melius began coverage on GE Vernova in a research report on Monday. They issued a “hold” rating and a $147.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of GE Vernova in a report on Tuesday, April 16th. They issued a “buy” rating and a $154.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $157.44.
Read Our Latest Report on GE Vernova
GE Vernova Stock Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of GE Vernova in the 1st quarter valued at $478,000. Valeo Financial Advisors LLC acquired a new stake in GE Vernova in the first quarter valued at $673,000. Anderson Hoagland & Co. purchased a new stake in GE Vernova during the 1st quarter worth about $1,720,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of GE Vernova during the 1st quarter worth about $2,892,000.
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.
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