GE Vernova (NYSE:GEV) Reaches New 12-Month High at $157.25

GE Vernova Inc. (NYSE:GEV) reached a new 52-week high during trading on Friday . The stock traded as high as $157.25 and last traded at $154.24, with a volume of 936944 shares changing hands. The stock had previously closed at $148.31.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GEV shares. Raymond James assumed coverage on shares of GE Vernova in a report on Wednesday, April 17th. They issued an “outperform” rating and a $160.00 target price on the stock. BNP Paribas started coverage on GE Vernova in a research report on Wednesday, April 17th. They set an “outperform” rating and a $177.00 price objective for the company. The Goldman Sachs Group began coverage on GE Vernova in a research report on Tuesday, April 16th. They issued a “buy” rating and a $154.00 target price on the stock. Mizuho began coverage on shares of GE Vernova in a research report on Monday, April 15th. They set a “buy” rating and a $154.00 price target for the company. Finally, Evercore ISI initiated coverage on shares of GE Vernova in a research report on Thursday, April 18th. They issued an “outperform” rating and a $174.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average target price of $157.44.

GE Vernova Stock Up 1.9 %

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.56 billion.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in GE Vernova in the 1st quarter worth approximately $478,000. Valeo Financial Advisors LLC purchased a new stake in shares of GE Vernova in the first quarter valued at $673,000. Anderson Hoagland & Co. acquired a new stake in shares of GE Vernova in the first quarter worth $1,720,000. Finally, Maryland State Retirement & Pension System purchased a new stake in GE Vernova in the 1st quarter worth about $2,892,000.

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.