GE Vernova (NYSE:GEV) Trading 1.9% Higher Following Analyst Upgrade

GE Vernova Inc. (NYSE:GEV)’s share price shot up 1.9% during trading on Thursday after Barclays raised their price target on the stock from $320.00 to $420.00. Barclays currently has an overweight rating on the stock. GE Vernova traded as high as $350.50 and last traded at $350.26. 496,100 shares changed hands during trading, a decline of 86% from the average session volume of 3,438,550 shares. The stock had previously closed at $343.75.

GEV has been the topic of a number of other reports. Wolfe Research assumed coverage on shares of GE Vernova in a research note on Wednesday. They set an “outperform” rating and a $403.00 price objective on the stock. Guggenheim increased their target price on GE Vernova from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. The Goldman Sachs Group upped their price objective on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Oppenheimer started coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.19.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors have recently modified their holdings of GEV. Castleview Partners LLC acquired a new stake in GE Vernova during the third quarter worth about $28,000. Covestor Ltd grew its stake in shares of GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of GE Vernova during the 3rd quarter valued at approximately $31,000. Prestige Wealth Management Group LLC increased its holdings in shares of GE Vernova by 175.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 77 shares in the last quarter. Finally, Planning Capital Management Corp lifted its stake in shares of GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the period.

GE Vernova Trading Up 1.3 %

The stock’s fifty day moving average is $302.91 and its 200-day moving average is $225.45.

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.