GE Vernova (NYSE:GEV) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of GE Vernova (NYSE:GEV) in a report issued on Thursday, MarketBeat reports. The brokerage issued an overweight rating and a $385.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Evercore ISI upped their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays increased their price target on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Oppenheimer started coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. Finally, William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $270.02.

GE Vernova Price Performance

NYSE GEV opened at $349.16 on Thursday. The company’s fifty day simple moving average is $286.37 and its 200-day simple moving average is $215.41. GE Vernova has a 52 week low of $115.00 and a 52 week high of $357.09.

Institutional Trading of GE Vernova

A number of hedge funds have recently made changes to their positions in GEV. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at about $27,000.

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.