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

Wells Fargo & Company started coverage on shares of GE Vernova (NYSE:GEV) in a research note released on Thursday morning, Marketbeat.com reports. The firm issued an overweight rating and a $385.00 price target on the stock.

Several other brokerages also recently commented on GEV. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada upped their target price on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. William Blair started coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Finally, Oppenheimer initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $270.02.

GE Vernova Trading Up 2.7 %

GE Vernova stock opened at $349.16 on Thursday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $357.09. The business’s 50-day simple moving average is $286.37 and its 200-day simple moving average is $215.41.

Institutional Trading of GE Vernova

Hedge funds and other institutional investors have recently made changes to their positions in the business. Waverton Investment Management Ltd lifted its stake in shares of GE Vernova by 10.0% during the third 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 period. Hanlon Investment Management Inc. bought a new position in shares of GE Vernova in the 3rd quarter valued at about $1,101,000. Atria Investments Inc raised its stake in shares of GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after buying an additional 2,847 shares during the last quarter. Aspire Private Capital LLC acquired a new position in GE Vernova in the second quarter valued at approximately $40,000. Finally, Fractal Investments LLC bought a new position in GE Vernova in the third quarter valued at approximately $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.