GE Vernova (NYSE:GEV) Price Target Raised to $376.00 at Royal Bank of Canada

GE Vernova (NYSE:GEV) had its price objective upped by Royal Bank of Canada from $285.00 to $376.00 in a research note published on Monday, MarketBeat reports. They currently have an outperform rating on the stock.

GEV has been the subject of a number of other research reports. Morgan Stanley lifted their price objective on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Evercore ISI raised their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Guggenheim began coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Stock Down 5.8 %

Shares of NYSE GEV opened at $329.00 on Monday. The company has a 50 day simple moving average of $288.35 and a two-hundred day simple moving average of $216.55. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $357.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its stake in shares of GE Vernova by 5.4% during the 3rd quarter. Tidal Investments LLC now owns 7,271 shares of the company’s stock valued at $1,854,000 after acquiring an additional 374 shares during the period. Optimist Retirement Group LLC bought a new position in shares of GE Vernova in the third quarter worth approximately $249,000. Blankinship & Foster LLC bought a new position in shares of GE Vernova in the third quarter worth approximately $204,000. Wilmington Savings Fund Society FSB increased its stake in shares of GE Vernova by 219.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 10,265 shares of the company’s stock worth $2,617,000 after purchasing an additional 7,054 shares in the last quarter. Finally, World Investment Advisors LLC raised its position in shares of GE Vernova by 41.4% during the 3rd quarter. World Investment Advisors LLC now owns 2,876 shares of the company’s stock valued at $733,000 after purchasing an additional 842 shares during the period.

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.