GE Vernova (NYSE:GEV) Stock Rating Upgraded by UBS Group

GE Vernova (NYSE:GEV - Get Free Report) was upgraded by stock analysts at UBS Group to a "buy" rating in a research note issued on Monday, MarketBeat Ratings reports. The firm currently has a $614.00 price objective on the stock. UBS Group's price target indicates a potential upside of 13.83% from the company's previous close.

A number of other research analysts also recently weighed in on the company. TD Cowen cut their price objective on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Bank of America raised their price objective on GE Vernova from $520.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group raised their price objective on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Susquehanna reissued a "positive" rating and issued a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research note on Wednesday, May 14th. Finally, Glj Research initiated coverage on GE Vernova in a research report on Monday, June 23rd. They issued a "buy" rating on the stock. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $451.38.

GE Vernova Stock Up 0.7%

Shares of GEV traded up $3.63 during midday trading on Monday, reaching $539.40. 2,491,483 shares of the stock were exchanged, compared to its average volume of 3,313,891. GE Vernova has a 12-month low of $150.01 and a 12-month high of $545.63. The firm has a 50 day simple moving average of $470.87 and a 200-day simple moving average of $386.90. The company has a market cap of $147.22 billion, a price-to-earnings ratio of 77.72, a P/E/G ratio of 4.08 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period last year, the business earned ($0.47) EPS. The business's quarterly revenue was up 10.6% on a year-over-year basis. Research analysts expect that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MRP Capital Investments LLC acquired a new position in GE Vernova during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC lifted its position in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the last quarter. Navigoe LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at approximately $27,000. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $27,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $27,000.

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.