GE Vernova Inc. (NYSE:GEV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

GE Vernova Inc. (NYSE:GEV) has earned an average rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $274.16.

A number of research firms have issued reports on GEV. BMO Capital Markets raised their target price on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. HSBC restated a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Jefferies Financial Group boosted their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th.

GE Vernova Stock Down 1.0 %

Shares of NYSE:GEV opened at $335.35 on Thursday. The stock’s 50-day moving average is $292.35 and its 200-day moving average is $218.58. GE Vernova has a 52-week low of $115.00 and a 52-week high of $357.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GEV. Castleview Partners LLC acquired a new stake in shares of GE Vernova during the 3rd quarter worth about $28,000. Covestor Ltd grew its stake in GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of GE Vernova during the third quarter worth approximately $31,000. Prestige Wealth Management Group LLC raised its stake in shares of GE Vernova by 175.0% in the third quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 77 shares during the last quarter. Finally, Planning Capital Management Corp boosted its holdings in shares of GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock worth $36,000 after acquiring an additional 130 shares in the last quarter.

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.