GE Vernova (NYSE:GEV) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

GE Vernova (NYSE:GEV) had its price target upped by equities researchers at JPMorgan Chase & Co. from $330.00 to $356.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.52% from the company’s previous close.

A number of other brokerages have also issued reports on GEV. Bank of America increased their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Barclays increased their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Jefferies Financial Group increased their target price on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Morgan Stanley increased their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.89.

GE Vernova Stock Up 3.6 %

Shares of GEV opened at $343.91 on Tuesday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $357.09. The company has a 50 day simple moving average of $300.97 and a two-hundred day simple moving average of $224.59.

Institutional Trading of GE Vernova

A number of hedge funds and other institutional investors have recently bought and sold shares of GEV. Waverton Investment Management Ltd increased its stake in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after buying an additional 66,455 shares during the period. Hanlon Investment Management Inc. purchased a new position in GE Vernova in the third quarter valued at about $1,101,000. Atria Investments Inc grew 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 purchasing an additional 2,847 shares during the last quarter. Aspire Private Capital LLC purchased a new position in GE Vernova in the second quarter valued at about $40,000. Finally, Fractal Investments LLC purchased a new position in GE Vernova in the third quarter valued at about $1,530,000.

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.