GE Vernova (NYSE:GEV) Shares Gap Down to $209.15

GE Vernova Inc. (NYSE:GEV) shares gapped down before the market opened on Thursday . The stock had previously closed at $209.15, but opened at $200.00. GE Vernova shares last traded at $208.04, with a volume of 843,815 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday. Argus started coverage on GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Evercore ISI upped their target price on GE Vernova from $202.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citigroup started coverage on shares of GE Vernova in a report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $203.03.

GE Vernova Stock Performance

The company’s 50-day moving average is $181.89.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business 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 Inc. will post 3.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

Hedge funds and other institutional investors have recently made changes to their positions in the business. Anderson Hoagland & Co. purchased a new stake in GE Vernova during the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System purchased a new stake in shares of GE Vernova in the 1st quarter worth $2,892,000. Valeo Financial Advisors LLC purchased a new stake in shares of GE Vernova in the 1st quarter worth $673,000. Boit C F David bought a new position in GE Vernova in the 1st quarter worth $149,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in GE Vernova during the first quarter valued at $30,000.

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.