GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price traded down 1.3% on Monday . The stock traded as low as $289.11 and last traded at $289.86. 594,817 shares changed hands during trading, a decline of 83% from the average session volume of 3,573,457 shares. The stock had previously closed at $293.54.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Hsbc Global Res cut GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th. Oppenheimer assumed coverage on GE Vernova in a research note on Thursday, September 26th. They set a "market perform" rating on the stock. Truist Financial lifted their price target on GE Vernova from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley lifted their price target on GE Vernova from $256.00 to $301.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Raymond James lowered GE Vernova from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $261.40.
Read Our Latest Analysis on GE Vernova
GE Vernova Price Performance
The business has a 50-day simple moving average of $237.21 and a two-hundred day simple moving average of $191.71.
Hedge Funds Weigh In On GE Vernova
Institutional investors and hedge funds have recently bought and sold shares of the business. Newport Trust Company LLC acquired a new position in shares of GE Vernova during the second quarter valued at $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova in the second quarter valued at about $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova in the first quarter valued at about $367,474,000. Marshall Wace LLP acquired a new position in GE Vernova in the second quarter valued at about $399,770,000. Finally, Legal & General Group Plc acquired a new position in GE Vernova in the second 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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