GE Vernova Inc. (NYSE:GEV) Receives $203.03 Average PT from Analysts

Shares of GE Vernova Inc. (NYSE:GEV) have been given an average recommendation of “Moderate Buy” by the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $219.42.

Several research firms have weighed in on GEV. Hsbc Global Res upgraded GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. William Blair started coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Barclays began coverage on shares of GE Vernova in a report on Monday, September 16th. They set an “overweight” rating and a $250.00 target price on the stock. Morgan Stanley boosted their price target on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Finally, BMO Capital Markets began coverage on GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price objective on the stock.

Hedge Funds Weigh In On GE Vernova

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at $326,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GE Vernova in the 2nd quarter worth about $34,149,000. KP Management LLC acquired a new position in GE Vernova in the 2nd quarter worth about $707,000. Newbridge Financial Services Group Inc. bought a new position in GE Vernova in the second quarter valued at about $76,000. Finally, SS&H Financial Advisors Inc. bought a new stake in shares of GE Vernova during the second quarter worth about $641,000.

GE Vernova Stock Up 0.4 %

Shares of GEV stock opened at $245.46 on Friday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $250.85. The business’s 50-day moving average is $188.08.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate 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 forecast that GE Vernova will post 3.02 EPS for the current year.

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.