GE Vernova Inc. (NYSE:GEV – Get Free Report) shares traded up 1.8% on Thursday . The stock traded as high as $167.34 and last traded at $166.98. 1,039,525 shares changed hands during trading, a decline of 83% from the average session volume of 5,940,408 shares. The stock had previously closed at $164.00.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Raymond James assumed coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an “outperform” rating and a $160.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price objective on shares of GE Vernova in a report on Friday, April 12th. Mizuho boosted their price objective on shares of GE Vernova from $154.00 to $164.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upgraded shares of GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price for the company in a research report on Monday, April 8th. Finally, Evercore ISI began coverage on shares of GE Vernova in a research report on Thursday, April 18th. They set an “outperform” rating and a $174.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.56.
Check Out Our Latest Stock Analysis on GEV
GE Vernova Stock Up 1.5 %
Hedge Funds Weigh In On GE Vernova
Hedge funds and other institutional investors have recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd bought a new position in shares of GE Vernova during the first quarter worth $30,000. Boit C F David purchased a new stake in GE Vernova during the first quarter valued at $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in GE Vernova during the first quarter valued at $478,000. Valeo Financial Advisors LLC purchased a new stake in GE Vernova during the first quarter valued at $673,000. Finally, Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova in the first quarter valued at $1,720,000.
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.
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