GE Vernova Inc. (NYSE:GEV) Receives Average Recommendation of “Moderate Buy” from Brokerages

GE Vernova Inc. (NYSE:GEV) has been assigned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $261.40.

GEV has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group raised their price target on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price target for the company. William Blair initiated coverage on shares of GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th.

GE Vernova Price Performance

Shares of GEV stock opened at $301.09 on Friday. The company’s fifty day simple moving average is $246.45 and its 200-day simple moving average is $195.99. GE Vernova has a 52 week low of $115.00 and a 52 week high of $311.58.

Hedge Funds Weigh In On GE Vernova

Several hedge funds have recently made changes to their positions in the business. Pittenger & Anderson Inc. grew its stake in shares of GE Vernova by 28.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings 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 purchasing an additional 38 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after buying an additional 40 shares during the period. Whittier Trust Co. grew its stake in GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after acquiring an additional 40 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of GE Vernova by 30.3% in the third quarter. Rosenberg Matthew Hamilton now owns 185 shares of the company’s stock worth $47,000 after purchasing an additional 43 shares in the last quarter.

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.