GE Vernova (NYSE:GEV) Given New $367.00 Price Target at Morgan Stanley

GE Vernova (NYSE:GEV) had its target price upped by Morgan Stanley from $301.00 to $367.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets increased their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Guggenheim initiated coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Royal Bank of Canada raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a research note on Monday, October 21st. They issued a “buy” rating and a $354.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $264.55.

GE Vernova Trading Up 1.1 %

GEV opened at $329.76 on Friday. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The company’s 50-day moving average price is $273.49 and its 200 day moving average price is $209.23.

Institutional Trading of GE Vernova

Large investors have recently added to or reduced their stakes in the business. Waverton Investment Management Ltd boosted its holdings in GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after buying an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. bought a new stake in GE Vernova during the third quarter worth approximately $1,101,000. Aspire Private Capital LLC bought a new stake in GE Vernova during the second quarter worth approximately $40,000. Legal & General Group Plc purchased a new position in GE Vernova in the 2nd quarter worth about $293,699,000. Finally, Fractal Investments LLC acquired a new stake in GE Vernova during the 3rd quarter worth about $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.