GE Vernova (NYSE:GEV) Trading Up 0.9% After Analyst Upgrade

GE Vernova Inc. (NYSE:GEV)’s stock price was up 0.9% during mid-day trading on Monday after Morgan Stanley raised their price target on the stock from $301.00 to $367.00. Morgan Stanley currently has an overweight rating on the stock. GE Vernova traded as high as $332.93 and last traded at $332.59. Approximately 440,004 shares were traded during trading, a decline of 87% from the average daily volume of 3,505,813 shares. The stock had previously closed at $329.76.

A number of other research firms have also recently commented on GEV. Bank of America increased their target price on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer began coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating on the stock. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. HSBC reissued a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, The Goldman Sachs Group increased their target price on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seven research 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 company. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $264.55.

Institutional Trading of GE Vernova

Several large investors have recently modified their holdings of GEV. Waverton Investment Management Ltd lifted its holdings in GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after buying an additional 66,455 shares during the period. Hanlon Investment Management Inc. purchased a new stake in GE Vernova in the third quarter worth about $1,101,000. Aspire Private Capital LLC purchased a new stake in GE Vernova in the second quarter worth about $40,000. Atria Investments Inc lifted its holdings in GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after buying an additional 2,847 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of GE Vernova during the second quarter valued at approximately $293,699,000.

GE Vernova Trading Down 1.3 %

The company’s fifty day moving average price is $275.96 and its 200-day moving average price is $210.43.

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.