GE Vernova (NYSE:GEV) Now Covered by Melius

Melius assumed coverage on shares of GE Vernova (NYSE:GEV) in a report released on Monday morning, MarketBeat reports. The brokerage issued a hold rating and a $147.00 target price on the stock.

GEV has been the subject of several other research reports. Royal Bank of Canada reiterated an outperform rating and set a $160.00 target price on shares of GE Vernova in a research report on Friday, April 12th. JPMorgan Chase & Co. upgraded GE Vernova from a neutral rating to an overweight rating and set a $141.00 target price for the company in a research report on Monday, April 8th. Raymond James assumed coverage on GE Vernova in a report on Wednesday, April 17th. They set an outperform rating and a $160.00 price target for the company. BNP Paribas assumed coverage on GE Vernova in a research note on Wednesday, April 17th. They issued an outperform rating and a $177.00 price objective for the company. Finally, Evercore ISI started coverage on GE Vernova in a research note on Thursday, April 18th. They issued an outperform rating and a $174.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has an average rating of Moderate Buy and a consensus target price of $157.44.

GE Vernova Stock Performance

NYSE:GEV opened at $146.24 on Monday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $152.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of GE Vernova in the 1st quarter valued at $478,000. Anderson Hoagland & Co. purchased a new position in shares of GE Vernova in the 1st quarter valued at $1,720,000. Finally, Maryland State Retirement & Pension System purchased a new position in shares of GE Vernova in the 1st quarter valued at $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.