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

Shares of GE Vernova Inc. (NYSE:GEV) have received a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $274.16.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Barclays raised their price objective on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley upped their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday, November 15th.

Institutional Investors Weigh In On GE Vernova

Several institutional investors and hedge funds have recently added to or reduced their stakes in GEV. Waverton Investment Management Ltd increased its position in shares of GE Vernova by 10.0% during the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after purchasing an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. bought a new stake in GE Vernova in the third quarter worth about $1,101,000. Atria Investments Inc boosted its stake in GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after acquiring an additional 2,847 shares during the last quarter. Aspire Private Capital LLC bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $40,000. Finally, Fractal Investments LLC bought a new position in shares of GE Vernova during the 3rd quarter valued at approximately $1,530,000.

GE Vernova Trading Down 1.0 %

Shares of NYSE GEV opened at $335.35 on Thursday. The company has a 50 day simple moving average of $292.35 and a 200 day simple moving average of $218.58. GE Vernova has a 1 year low of $115.00 and a 1 year high of $357.09.

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.