GE Vernova (NYSE:GEV) PT Raised to $330.00

GE Vernova (NYSE:GEV) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $285.00 to $330.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.93% from the company’s current price.

A number of other equities research analysts have also commented on GEV. The Goldman Sachs Group raised their price objective on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Truist Financial began coverage on GE Vernova in a research report on Thursday, September 26th. They set a “buy” rating and a $300.00 price objective for the company. Evercore ISI raised their price objective on GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Guggenheim began coverage on GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.88.

GE Vernova Trading Up 1.2 %

GEV stock opened at $279.83 on Thursday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $282.97. The stock’s fifty day moving average is $230.78 and its two-hundred day moving average is $187.97.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Equities analysts anticipate that GE Vernova will post 3.21 earnings per share for the current year.

Institutional Trading of GE Vernova

Several hedge funds have recently added to or reduced their stakes in GEV. Arkadios Wealth Advisors increased its stake in GE Vernova by 1,277.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 18,576 shares of the company’s stock worth $4,737,000 after acquiring an additional 17,227 shares during the period. Forsta AP Fonden increased its stake in GE Vernova by 12.6% during the 3rd quarter. Forsta AP Fonden now owns 57,131 shares of the company’s stock worth $14,567,000 after acquiring an additional 6,400 shares during the period. CWC Advisors LLC. bought a new position in GE Vernova during the 3rd quarter worth $468,000. Burford Brothers Inc. increased its stake in GE Vernova by 6.2% during the 3rd quarter. Burford Brothers Inc. now owns 3,099 shares of the company’s stock worth $790,000 after acquiring an additional 180 shares during the period. Finally, Cromwell Holdings LLC increased its stake in GE Vernova by 7.0% during the 3rd quarter. Cromwell Holdings LLC now owns 814 shares of the company’s stock worth $208,000 after acquiring an additional 53 shares during the period.

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.