GE Vernova (NYSE:GEV) PT Raised to $300.00 at Barclays

GE Vernova (NYSE:GEV) had its price objective raised by stock analysts at Barclays from $250.00 to $300.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 17.81% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $300.00 in a research note on Tuesday, September 17th. Truist Financial assumed coverage on GE Vernova in a research report on Thursday, September 26th. They set a “buy” rating and a $300.00 price objective for the company. Guggenheim initiated coverage on GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price on the stock. HSBC started coverage on shares of GE Vernova in a report on Monday, August 12th. They set a “buy” rating and a $215.00 price target for the company. Finally, Oppenheimer initiated coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $232.98.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $254.64 on Wednesday. The company’s 50 day moving average price is $203.50. GE Vernova has a 52-week low of $115.00 and a 52-week high of $258.64.

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, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts predict that GE Vernova will post 2.83 EPS for the current fiscal year.

Institutional Trading of GE Vernova

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in GE Vernova by 1.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock worth $650,000 after acquiring an additional 61 shares during the period. Stonehearth Capital Management LLC raised its holdings in shares of GE Vernova by 6.1% in the 3rd quarter. Stonehearth Capital Management LLC now owns 1,474 shares of the company’s stock worth $376,000 after purchasing an additional 85 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in GE Vernova by 9.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,094 shares of the company’s stock valued at $279,000 after purchasing an additional 95 shares during the last quarter. Wedmont Private Capital boosted its holdings in GE Vernova by 3.2% during the second quarter. Wedmont Private Capital now owns 3,533 shares of the company’s stock worth $638,000 after buying an additional 109 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new position in GE Vernova in the second quarter worth approximately $25,000.

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.