GE Vernova (NYSE:GEV) Price Target Increased to $323.00 by Analysts at Evercore ISI

GE Vernova (NYSE:GEV) had its price target increased by Evercore ISI from $300.00 to $323.00 in a report published on Thursday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Oppenheimer initiated coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. Barclays lifted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Trading Down 1.2 %

Shares of NYSE GEV opened at $293.54 on Thursday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $298.81. The stock has a 50 day simple moving average of $235.14 and a 200-day simple moving average of $190.27.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. As a group, equities analysts forecast that GE Vernova will post 2.65 earnings per share for the current year.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Wealth Group LLC acquired a new stake in GE Vernova during the third quarter valued at approximately $305,000. Hudson Valley Investment Advisors Inc. ADV acquired a new position in shares of GE Vernova in the 3rd quarter worth approximately $228,000. SteelPeak Wealth LLC grew its holdings in shares of GE Vernova by 2.5% during the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after purchasing an additional 38 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in GE Vernova during the 3rd quarter worth about $308,000. Finally, First Trust Direct Indexing L.P. increased its position in GE Vernova by 89.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,918 shares of the company’s stock valued at $2,019,000 after acquiring an additional 3,747 shares in the last quarter.

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.