GE Vernova (NYSE:GEV) Price Target Increased to $320.00 by Analysts at Barclays

GE Vernova (NYSE:GEV) had its price objective upped by Barclays from $300.00 to $320.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also commented on GEV. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Oppenheimer started coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $262.00 price target on shares of GE Vernova in a research report on Friday, October 18th. William Blair began coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $240.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Down 0.9 %

GEV stock traded down $2.76 during trading on Thursday, reaching $294.24. 316,500 shares of the company were exchanged, compared to its average volume of 3,581,671. GE Vernova has a 52-week low of $115.00 and a 52-week high of $298.59. The stock’s 50 day moving average price is $230.78 and its 200 day moving average price is $187.97.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, research analysts expect that GE Vernova will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of GE Vernova

Hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its holdings in shares of GE Vernova by 0.9% during the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after acquiring an additional 40 shares during the period. Whittier Trust Co. lifted its position in GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after purchasing an additional 40 shares during the last quarter. First Bancorp Inc ME boosted its stake in GE Vernova by 3.1% during the 3rd quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock valued at $370,000 after purchasing an additional 44 shares during the period. Plimoth Trust Co. LLC grew its position in GE Vernova by 1.4% in the 3rd quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company’s stock worth $836,000 after purchasing an additional 44 shares during the last quarter. Finally, Miracle Mile Advisors LLC increased its stake in shares of GE Vernova by 1.8% in the third quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock valued at $706,000 after purchasing an additional 48 shares during the period.

About GE Vernova

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.