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

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

Several other analysts have also issued reports on GEV. William Blair started coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating for the company. Oppenheimer assumed coverage on GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Truist Financial upped their price objective on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.16.

GE Vernova Price Performance

NYSE:GEV opened at $335.33 on Monday. The stock has a 50-day simple moving average of $294.17 and a two-hundred day simple moving average of $219.39. GE Vernova has a 52-week low of $115.00 and a 52-week high of $357.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Waverton Investment Management Ltd grew its stake in GE Vernova by 10.0% in the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after purchasing an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. bought a new position in GE Vernova in the third quarter worth approximately $1,101,000. Atria Investments Inc grew its stake in GE Vernova by 127.0% in the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after purchasing an additional 2,847 shares in the last quarter. Aspire Private Capital LLC bought a new position in GE Vernova in the second quarter worth approximately $40,000. Finally, Fractal Investments LLC bought a new position in GE Vernova in the third quarter worth approximately $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.