GE Vernova (NYSE:GEV) Price Target Raised to $376.00

GE Vernova (NYSE:GEV) had its target price hoisted by Royal Bank of Canada from $285.00 to $376.00 in a research report report published on Monday, MarketBeat.com reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company initiated coverage on GE Vernova in a research note on Thursday, November 21st. They issued an “overweight” rating and a $385.00 price target for the company. Bank of America boosted their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI upped their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Guggenheim initiated coverage on GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $274.16.

GE Vernova Price Performance

Shares of GEV opened at $335.35 on Monday. The business’s 50-day moving average price is $292.35 and its 200 day moving average price is $218.58. GE Vernova has a 1-year low of $115.00 and a 1-year high of $357.09.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GEV. Pittenger & Anderson Inc. grew its holdings in shares of GE Vernova by 28.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after purchasing an additional 35 shares in the last quarter. SteelPeak Wealth LLC grew its holdings in shares of GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after purchasing an additional 38 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of GE Vernova by 0.9% during the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after purchasing an additional 40 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of GE Vernova by 1.9% during 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. Finally, Dunhill Financial LLC grew its holdings in shares of GE Vernova by 21.6% during the 3rd quarter. Dunhill Financial LLC now owns 225 shares of the company’s stock worth $57,000 after purchasing an additional 40 shares in 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.