GE Vernova (NYSE:GEV) Trading Up 0.2% – Here’s What Happened

by · The Markets Daily

GE Vernova Inc. (NYSE:GEV – Get Free Report)’s share price traded up 0.2% during trading on Friday . The company traded as high as $336.62 and last traded at $335.86. 301,643 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 3,472,891 shares. The stock had previously closed at $335.33.

Analyst Ratings Changes

Several equities research analysts have commented on GEV shares. Guggenheim started coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of GE Vernova in a research report on Thursday, November 21st. They set an “overweight” rating and a $385.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. Finally, Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven investment 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 data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $274.16.

Check Out Our Latest Report on GE Vernova

GE Vernova Stock Performance

The firm’s 50-day moving average is $294.17 and its 200 day moving average is $219.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Castleview Partners LLC purchased a new stake in GE Vernova during the 3rd quarter worth $28,000. Covestor Ltd lifted its stake in shares of GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of GE Vernova in the third quarter valued at about $31,000. Prestige Wealth Management Group LLC raised its holdings in shares of GE Vernova by 175.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock valued at $31,000 after buying an additional 77 shares during the period. Finally, Planning Capital Management Corp lifted its position in GE Vernova by 1,000.0% during 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.

GE Vernova Company Profile

(Get Free Report)

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.

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