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

GE Vernova (NYSE:GEV) had its price target boosted by Bank of America from $300.00 to $320.00 in a report issued on Thursday, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities research analysts have also commented on the stock. William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Evercore ISI lifted their price target on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Barclays upped their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley raised their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Seven research 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.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Stock Down 1.2 %

GEV stock 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 firm’s fifty day simple moving average is $235.14 and its 200-day simple moving average is $190.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC raised its position in shares of GE Vernova by 2.5% in the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares during the last quarter. Global Retirement Partners LLC raised its holdings in GE Vernova by 0.9% in the 3rd 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 last quarter. Whittier Trust Co. lifted its stake in GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after purchasing an additional 40 shares in the last quarter. First Bancorp Inc ME boosted its holdings in shares of GE Vernova by 3.1% during the 3rd quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock worth $370,000 after purchasing an additional 44 shares during the last quarter. Finally, Plimoth Trust Co. LLC increased its holdings in shares of GE Vernova by 1.4% in the third quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company’s stock valued at $836,000 after purchasing an additional 44 shares during the last quarter.

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.