GE Vernova Inc. (NYSE:GEV) Receives Average Rating of "Moderate Buy" from Analysts

GE Vernova Inc. (NYSE:GEV - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-five research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $261.40.

A number of analysts have recently weighed in on GEV shares. Mizuho boosted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Raymond James lowered shares of GE Vernova from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their price target on GE Vernova from $220.00 to $308.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. HSBC reissued a "hold" rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, William Blair began coverage on GE Vernova in a report on Thursday, August 29th. They issued an "outperform" rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Aspire Private Capital LLC bought a new position in GE Vernova in the 2nd quarter valued at $40,000. Legal & General Group Plc acquired a new stake in shares of GE Vernova in the second quarter valued at $293,699,000. Central Pacific Bank Trust Division increased its stake in shares of GE Vernova by 1,242.9% in the third quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company's stock valued at $599,000 after buying an additional 2,175 shares in the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of GE Vernova by 75.6% in the third quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company's stock valued at $1,264,000 after buying an additional 2,134 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in GE Vernova during the 3rd quarter worth about $2,042,000.

GE Vernova Stock Down 0.2 %

Shares of GEV stock traded down $0.57 during trading on Friday, reaching $301.09. The company had a trading volume of 2,702,214 shares, compared to its average volume of 2,353,280. The firm's 50 day simple moving average is $246.45 and its two-hundred day simple moving average is $196.42. GE Vernova has a one year low of $115.00 and a one year high of $311.58.

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.