GE Vernova (NYSE:GEV) PT Raised to $301.00 at Morgan Stanley

GE Vernova (NYSE:GEV) had its price objective hoisted by Morgan Stanley from $256.00 to $301.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Jefferies Financial Group increased their price objective 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. Truist Financial began coverage on shares of GE Vernova in a report on Thursday, September 26th. They set a “buy” rating and a $300.00 price objective for the company. Evercore ISI upped their target price on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Price Performance

GEV opened at $293.54 on Thursday. The firm has a 50-day simple moving average of $235.14 and a two-hundred day simple moving average of $190.64. GE Vernova has a 52 week low of $115.00 and a 52 week high of $298.81.

Institutional Trading of GE Vernova

Institutional investors and hedge funds have recently made changes to their positions in the business. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova in the second quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $27,000.

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.