GE Vernova (NYSE:GEV) PT Raised to $164.00 at Mizuho

GE Vernova (NYSE:GEV) had its target price boosted by Mizuho from $154.00 to $164.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada reaffirmed an outperform rating and set a $160.00 price objective on shares of GE Vernova in a research note on Friday, April 12th. Bank of America assumed coverage on shares of GE Vernova in a research note on Wednesday, April 24th. They set a neutral rating and a $150.00 price objective for the company. Raymond James assumed coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They set an outperform rating and a $160.00 price objective for the company. Evercore ISI assumed coverage on shares of GE Vernova in a research note on Thursday, April 18th. They set an outperform rating and a $174.00 price objective for the company. Finally, BNP Paribas started coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They set an outperform rating and a $177.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $158.56.

GE Vernova Stock Performance

GEV opened at $166.26 on Wednesday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $167.17.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The company had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.56 billion. On average, equities research analysts forecast that GE Vernova will post 2.98 EPS for the current year.

Institutional Trading of GE Vernova

Several hedge funds have recently made changes to their positions in GEV. Boit C F David acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $149,000. Valeo Financial Advisors LLC acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $673,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $478,000. Maryland State Retirement & Pension System acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $2,892,000. Finally, Anderson Hoagland & Co. acquired a new position in shares of GE Vernova in the 1st quarter worth approximately $1,720,000.

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.