GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $157.25 and last traded at $154.24, with a volume of 936944 shares traded. The stock had previously closed at $148.31.
Analysts Set New Price Targets
Several analysts recently weighed in on GEV shares. Melius started coverage on GE Vernova in a report on Monday. They issued a "hold" rating and a $147.00 price objective for the company. Raymond James started coverage on GE Vernova in a report on Wednesday, April 17th. They issued an "outperform" rating and a $160.00 price objective for the company. JPMorgan Chase & Co. upgraded GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 price objective for the company in a report on Monday, April 8th. Bank of America started coverage on GE Vernova in a report on Wednesday. They issued a "neutral" rating and a $150.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on GE Vernova in a report on Tuesday, April 16th. They issued a "buy" rating and a $154.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $157.44.
View Our Latest Analysis on GE Vernova
GE Vernova Stock Performance
GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The business had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.56 billion.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in GEV. Maryland State Retirement & Pension System acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $2,892,000. Anderson Hoagland & Co. acquired a new position in GE Vernova in the 1st quarter valued at $1,720,000. Valeo Financial Advisors LLC acquired a new position in GE Vernova in the 1st quarter valued at $673,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in GE Vernova in the 1st quarter valued at $478,000.
About GE Vernova
(
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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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