GE Vernova (NYSE:GEV) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

GE Vernova (NYSE:GEV) had its target price increased by Royal Bank of Canada from $285.00 to $376.00 in a report published on Monday morning, MarketBeat reports. Royal Bank of Canada currently has an outperform rating on the stock.

GEV has been the subject of a number of other reports. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Bank of America raised their price objective on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, HSBC reiterated a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Price Performance

Shares of GEV stock opened at $335.35 on Monday. GE Vernova has a 12 month low of $115.00 and a 12 month high of $357.09. The business’s 50-day moving average price is $292.35 and its 200-day moving average price is $218.58.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Pittenger & Anderson Inc. boosted its position in shares of GE Vernova by 28.0% during the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after buying an additional 35 shares during the last quarter. SteelPeak Wealth LLC boosted its position in shares of GE Vernova by 2.5% during the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after buying an additional 38 shares during the last quarter. Global Retirement Partners LLC boosted its position in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after purchasing an additional 40 shares during the last quarter. Whittier Trust Co. boosted its position in GE Vernova by 1.9% in the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after purchasing an additional 40 shares during the last quarter. Finally, Dunhill Financial LLC boosted its position in GE Vernova by 21.6% in the third quarter. Dunhill Financial LLC now owns 225 shares of the company’s stock worth $57,000 after purchasing an additional 40 shares during the last quarter.

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.