Truist Financial Boosts GE Vernova (NYSE:GEV) Price Target to $325.00

GE Vernova (NYSE:GEV) had its price objective boosted by Truist Financial from $300.00 to $325.00 in a report issued on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research analysts have also weighed in on GEV. Evercore ISI lifted their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer assumed coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Guggenheim assumed coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. Finally, Redburn Atlantic assumed coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Performance

NYSE:GEV opened at $293.54 on Thursday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $298.81. The stock’s fifty day simple moving average is $235.14 and its 200-day simple moving average is $190.27.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) 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 the consensus estimate of $8.42 billion. On average, equities analysts anticipate that GE Vernova will post 2.65 EPS for the current fiscal year.

Institutional Trading of GE Vernova

Hedge funds and other institutional investors have recently modified their holdings of the stock. Newport Trust Company LLC acquired a new position in GE Vernova during the second quarter worth approximately $650,140,000. Bank of New York Mellon Corp acquired a new position in GE Vernova during the second quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in GE Vernova during the first quarter worth approximately $367,474,000. Marshall Wace LLP acquired a new position in GE Vernova during the second quarter worth approximately $399,770,000. Finally, Legal & General Group Plc acquired a new position in GE Vernova during the second quarter worth approximately $293,699,000.

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.