GE Vernova (NYSE:GEV - Free Report) had its price objective raised by Guggenheim from $300.00 to $400.00 in a report published on Thursday,Benzinga reports. Guggenheim currently has a buy rating on the stock.
A number of other analysts also recently issued reports on GEV. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They set an "outperform" rating for the company. The Goldman Sachs Group increased their price target on shares of GE Vernova from $220.00 to $308.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a "market perform" rating on the stock. Bank of America boosted their price target on GE Vernova from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Truist Financial raised their price objective on GE Vernova from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average target price of $294.19.
Check Out Our Latest Stock Analysis on GEV
GE Vernova Stock Performance
Shares of GEV stock traded up $4.42 during trading hours on Thursday, reaching $348.17. The company had a trading volume of 2,098,534 shares, compared to its average volume of 3,448,115. The company has a 50 day moving average of $302.91 and a 200 day moving average of $225.45. GE Vernova has a 1-year low of $115.00 and a 1-year high of $357.09.
Institutional Trading of GE Vernova
Several hedge funds and other institutional investors have recently modified their holdings of the business. Mountaineer Partners Management LLC purchased a new position in shares of GE Vernova during the third quarter worth about $2,507,296,000. Newport Trust Company LLC purchased a new stake in GE Vernova during the second quarter valued at about $650,140,000. Bank of New York Mellon Corp bought a new stake in GE Vernova during the second quarter worth about $537,674,000. Marshall Wace LLP purchased a new position in shares of GE Vernova in the 2nd quarter worth about $399,770,000. Finally, Legal & General Group Plc purchased a new position in shares of GE Vernova during the 2nd quarter valued at about $293,699,000.
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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