GE Vernova (NYSE:GEV) PT Raised to $293.00 at Jefferies Financial Group

GE Vernova (NYSE:GEV) had its price target increased by equities researchers at Jefferies Financial Group from $261.00 to $293.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 20.09% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Barclays assumed coverage on GE Vernova in a report on Monday. They issued an “overweight” rating and a $250.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Argus started coverage on shares of GE Vernova in a report on Thursday, June 13th. They issued a “buy” rating and a $190.00 target price on the stock. Evercore ISI upped their price target on shares of GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, HSBC began coverage on GE Vernova in a research report on Monday, August 12th. They issued a “buy” rating and a $215.00 price target on the stock. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $219.42.

GE Vernova Stock Down 0.2 %

GEV stock traded down $0.46 during trading hours on Friday, hitting $243.99. The company’s stock had a trading volume of 1,597,866 shares, compared to its average volume of 3,791,223. The stock has a 50 day moving average of $186.78. GE Vernova has a 12 month low of $115.00 and a 12 month high of $250.85.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, research analysts expect that GE Vernova will post 3.02 EPS for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

A number of large investors have recently bought and sold shares of GEV. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of GE Vernova by 1.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after purchasing an additional 61 shares during the last quarter. Wedmont Private Capital lifted its position in GE Vernova by 3.2% during the 2nd quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after buying an additional 109 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova in the 2nd quarter valued at about $25,000. Finally, Meeder Asset Management Inc. bought a new position in shares of GE Vernova in the second quarter worth about $25,000.

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.