GE Vernova (NYSE:GEV) Trading Down 0.8%

GE Vernova Inc. (NYSE:GEV)’s share price was down 0.8% during trading on Wednesday . The stock traded as low as $164.32 and last traded at $166.06. Approximately 1,111,117 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 6,025,358 shares. The stock had previously closed at $167.36.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Evercore ISI started coverage on shares of GE Vernova in a research report on Thursday, April 18th. They set an “outperform” rating and a $174.00 price target for the company. Melius initiated coverage on shares of GE Vernova in a report on Monday, April 22nd. They issued a “hold” rating and a $147.00 price target on the stock. Bank of America started coverage on shares of GE Vernova in a research report on Wednesday, April 24th. They set a “neutral” rating and a $150.00 target price on the stock. Raymond James began coverage on GE Vernova in a research report on Wednesday, April 17th. They set an “outperform” rating and a $160.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price objective for the company in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.56.

GE Vernova Stock Performance

GE Vernova (NYSE:GEV) last posted its earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The business had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion. As a group, equities analysts anticipate that GE Vernova Inc. will post 2.95 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds have recently modified their holdings of GEV. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the first quarter valued at about $30,000. Boit C F David purchased a new position in shares of GE Vernova during the 1st quarter worth approximately $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in GE Vernova in the 1st quarter valued at approximately $478,000. Valeo Financial Advisors LLC acquired a new stake in GE Vernova in the 1st quarter valued at approximately $673,000. Finally, Anderson Hoagland & Co. purchased a new stake in GE Vernova in the first quarter valued at approximately $1,720,000.

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.