Royal Bank of Canada Reaffirms Outperform Rating for GE Vernova (NYSE:GEV)

Royal Bank of Canada reaffirmed their outperform rating on shares of GE Vernova (NYSE:GEV) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $160.00 target price on the stock.

Separately, JPMorgan Chase & Co. raised GE Vernova from a neutral rating to an overweight rating and set a $141.00 target price on the stock in a report on Monday, April 8th.

GE Vernova Trading Down 1.7 %

Shares of GEV stock opened at $131.76 on Friday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $152.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. purchased a new position in GE Vernova (NYSE:GEV) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

About GE Vernova

GE Vernova is an energy company which includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts.