GE Vernova (NYSE:GEV) Now Covered by Wells Fargo & Company

Research analysts at Wells Fargo & Company assumed coverage on shares of GE Vernova (NYSE:GEV) in a report released on Thursday, Marketbeat reports. The brokerage set an “overweight” rating and a $385.00 price target on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.26% from the company’s previous close.

A number of other analysts have also recently weighed in on GEV. Mizuho increased their price target on GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their target price on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial upped their price target on shares of GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Hsbc Global Res downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Oppenheimer initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Stock Up 2.7 %

Shares of NYSE:GEV opened at $349.16 on Thursday. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $357.09. The firm has a 50-day simple moving average of $286.37 and a 200 day simple moving average of $214.71.

Institutional Trading of GE Vernova

Large investors have recently added to or reduced their stakes in the business. Waverton Investment Management Ltd lifted its position in shares of GE Vernova by 10.0% during the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. purchased a new stake in shares of GE Vernova during the third quarter valued at $1,101,000. Atria Investments Inc boosted its position in shares of GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,847 shares during the period. Aspire Private Capital LLC purchased a new position in GE Vernova in the 2nd quarter worth about $40,000. Finally, Fractal Investments LLC acquired a new stake in GE Vernova during the 3rd quarter worth about $1,530,000.

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.