GE Vernova (NYSE:GEV) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova (NYSE:GEV) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $354.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. HSBC restated a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Jefferies Financial Group raised their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. William Blair initiated coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Mizuho upped their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets lifted their target price on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Up 6.1 %

Shares of GE Vernova stock opened at $297.00 on Monday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $297.54. The company has a fifty day moving average price of $230.78 and a 200 day moving average price of $187.97.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Equities research analysts expect that GE Vernova will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

A number of institutional investors have recently modified their holdings of the business. Orrstown Financial Services Inc. bought a new position in GE Vernova in the third quarter worth about $515,000. Autumn Glory Partners LLC raised its position in shares of GE Vernova by 100.0% during the 3rd quarter. Autumn Glory Partners LLC now owns 2,810 shares of the company’s stock worth $716,000 after purchasing an additional 1,405 shares during the period. Independent Investors Inc. bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $262,000. Concord Wealth Partners boosted its position in GE Vernova by 40.3% during the 3rd quarter. Concord Wealth Partners now owns 174 shares of the company’s stock valued at $44,000 after purchasing an additional 50 shares during the period. Finally, Vanderbilt University bought a new position in GE Vernova during the 3rd quarter worth $3,562,000.

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.