GE Vernova Inc. (NYSE:GEV – Get Free Report) traded down 2.3% during trading on Wednesday . The stock traded as low as $329.63 and last traded at $331.09. 561,038 shares changed hands during trading, a decline of 84% from the average session volume of 3,480,448 shares. The stock had previously closed at $338.89.
Wall Street Analysts Forecast Growth
GEV has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. HSBC reissued a “hold” rating and set a $255.00 target price (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Morgan Stanley raised their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.16.
View Our Latest Stock Report on GE Vernova
GE Vernova Price Performance
Institutional Trading of GE Vernova
Institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in GE Vernova by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,978,691 shares of the company’s stock valued at $533,257,000 after purchasing an additional 71,067 shares during the period. Tidal Investments LLC grew its position in GE Vernova by 5.4% during the third quarter. Tidal Investments LLC now owns 7,271 shares of the company’s stock valued at $1,854,000 after buying an additional 374 shares during the period. Optimist Retirement Group LLC bought a new position in GE Vernova during the third quarter valued at about $249,000. Blankinship & Foster LLC purchased a new stake in GE Vernova during the third quarter worth about $204,000. Finally, Wilmington Savings Fund Society FSB raised its position in 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 acquiring an additional 7,054 shares during the period.
About GE Vernova
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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