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

Shares of GE Vernova Inc. (NYSE:GEV) have received a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $274.16.

A number of equities analysts recently issued reports on GEV shares. Jefferies Financial Group lifted their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Morgan Stanley lifted their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Wells Fargo & Company assumed coverage on shares of GE Vernova in a research note on Thursday, November 21st. They set an “overweight” rating and a $385.00 price objective for the company. HSBC reissued a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Finally, Guggenheim started coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company.

Hedge Funds Weigh In On GE Vernova

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEV. Castleview Partners LLC acquired a new stake in shares of GE Vernova in the third quarter worth about $28,000. Covestor Ltd raised its stake in shares of GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in GE Vernova in the 3rd quarter worth approximately $31,000. Prestige Wealth Management Group LLC boosted its position in GE Vernova by 175.0% during the third quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 77 shares during the period. Finally, Planning Capital Management Corp boosted its position in GE Vernova by 1,000.0% during the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after purchasing an additional 130 shares during the period.

GE Vernova Stock Down 1.0 %

NYSE GEV opened at $335.35 on Thursday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $357.09. The business’s fifty day moving average is $292.35 and its two-hundred day moving average is $218.58.

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.