GE Vernova (NYSE:GEV) PT Raised to $164.00 at Mizuho

GE Vernova (NYSE:GEV) had its price objective hoisted by equities research analysts at Mizuho from $154.00 to $164.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Mizuho’s price target would indicate a potential downside of 1.36% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price for the company in a report on Monday, April 8th. Raymond James assumed coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They set an “outperform” rating and a $160.00 price objective for the company. Melius assumed coverage on shares of GE Vernova in a research note on Monday, April 22nd. They issued a “hold” rating and a $147.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of GE Vernova in a research note on Friday, April 12th. Finally, The Goldman Sachs Group initiated coverage on GE Vernova in a research report on Tuesday, April 16th. They set a “buy” rating and a $154.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $158.56.

GE Vernova Stock Up 8.1 %

Shares of GEV stock traded up $12.43 during trading hours on Wednesday, hitting $166.26. The stock had a trading volume of 4,627,851 shares, compared to its average volume of 6,416,587. GE Vernova has a one year low of $115.00 and a one year high of $167.17.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The business had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.56 billion. Equities research analysts predict that GE Vernova will post 2.98 earnings per share for the current year.

Institutional Trading of GE Vernova

A number of hedge funds have recently added to or reduced their stakes in GEV. Boit C F David bought a new stake in shares of GE Vernova in the 1st quarter valued at about $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in GE Vernova during the first quarter worth $478,000. Valeo Financial Advisors LLC bought a new stake in GE Vernova during the 1st quarter valued at $673,000. Anderson Hoagland & Co. purchased a new position in shares of GE Vernova in the 1st quarter valued at $1,720,000. Finally, Maryland State Retirement & Pension System bought a new position in shares of GE Vernova in the 1st quarter worth $2,892,000.

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.