GE Vernova Inc. (NYSE:GEV - Get Free Report)'s share price shot up 0.9% during mid-day trading on Monday after Morgan Stanley raised their price target on the stock from $301.00 to $367.00. Morgan Stanley currently has an overweight rating on the stock. GE Vernova traded as high as $332.93 and last traded at $332.59. 440,004 shares changed hands during trading, a decline of 87% from the average session volume of 3,505,813 shares. The stock had previously closed at $329.76.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a "buy" rating and a $354.00 price target on the stock. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a "market perform" rating on the stock. Hsbc Global Res downgraded shares of GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th. Bank of America boosted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $264.55.
Check Out Our Latest Research Report on GEV
Hedge Funds Weigh In On GE Vernova
Several hedge funds and other institutional investors have recently modified their holdings of GEV. Waverton Investment Management Ltd increased its holdings in GE Vernova by 10.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company's stock worth $185,459,000 after buying an additional 66,455 shares during the period. Hanlon Investment Management Inc. acquired a new position in GE Vernova in the 3rd quarter worth approximately $1,101,000. Aspire Private Capital LLC acquired a new position in GE Vernova in the 2nd quarter worth approximately $40,000. Legal & General Group Plc acquired a new position in GE Vernova in the 2nd quarter worth approximately $293,699,000. Finally, Fractal Investments LLC acquired a new position in GE Vernova in the 3rd quarter worth approximately $1,530,000.
GE Vernova Price Performance
The company's fifty day moving average is $273.49 and its two-hundred day moving average is $209.23.
About GE Vernova
(
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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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