GE Vernova (NYSE:GEV) PT Raised to $325.00 at Truist Financial

GE Vernova (NYSE:GEV) had its price target boosted by analysts at Truist Financial from $300.00 to $325.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 9.43% from the stock’s current price.

A number of other research firms have also commented on GEV. Evercore ISI boosted their price objective on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research note on Monday. They issued a “buy” rating and a $354.00 price target on the stock. Redburn Atlantic assumed coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Barclays boosted their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Guggenheim began coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Stock Up 6.1 %

GEV traded up $17.12 during midday trading on Thursday, reaching $297.00. 3,615,894 shares of the company’s stock were exchanged, compared to its average volume of 3,604,007. GE Vernova has a one year low of $115.00 and a one year high of $297.54. The business has a 50-day simple moving average of $230.78 and a two-hundred day simple moving average of $187.97.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Equities analysts predict that GE Vernova will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Newport Trust Company LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $537,674,000. Price T Rowe Associates Inc. MD bought a new position in shares of GE Vernova in the 1st quarter valued at $367,474,000. Marshall Wace LLP bought a new stake in shares of GE Vernova during the 2nd quarter worth $399,770,000. Finally, Legal & General Group Plc bought a new position in GE Vernova in the second quarter valued at about $293,699,000.

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.