GE Vernova (NYSE:GEV) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of GE Vernova (NYSE:GEV) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $261.00 target price on the stock.

A number of other brokerages have also recently commented on GEV. Evercore ISI increased their price target on GE Vernova from $174.00 to $202.00 and gave the company an outperform rating in a research note on Thursday, July 25th. Argus assumed coverage on GE Vernova in a research note on Thursday, June 13th. They issued a buy rating and a $190.00 price target for the company. Royal Bank of Canada reiterated an outperform rating and issued a $180.00 price target on shares of GE Vernova in a research note on Monday, July 22nd. Citigroup assumed coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a neutral rating and a $183.00 price target for the company. Finally, Hsbc Global Res upgraded GE Vernova to a strong-buy rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $194.28.

GE Vernova Stock Performance

Shares of GEV stock opened at $198.33 on Wednesday. The firm has a fifty day simple moving average of $177.98. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $204.19.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. On average, analysts forecast that GE Vernova will post 3.1 earnings per share for the current year.

Institutional Trading of GE Vernova

Large investors have recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at about $27,000.

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.