GE Vernova (NYSE:GEV) Given New $164.00 Price Target at Mizuho

GE Vernova (NYSE:GEV - Get Free Report) had its target price boosted by equities researchers at Mizuho from $154.00 to $164.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Mizuho's price objective would indicate a potential upside of 8.13% from the company's previous close.

GEV has been the subject of a number of other reports. 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 target for the company. Bank of America assumed coverage on shares of GE Vernova in a research note on Wednesday, April 24th. They issued a "neutral" rating and a $150.00 price objective for the company. Melius assumed coverage on shares of GE Vernova in a research note on Monday, April 22nd. They issued a "hold" rating and a $147.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. Finally, The Goldman Sachs Group began coverage on shares of GE Vernova in a report on Tuesday, April 16th. They set a "buy" rating and a $154.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $158.56.

GE Vernova Stock Performance

GE Vernova stock traded down $2.04 during midday trading on Wednesday, reaching $151.67. 3,347,130 shares of the company traded hands, compared to its average volume of 6,652,842. GE Vernova has a 12 month low of $115.00 and a 12 month high of $163.10.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.17). The company had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GEV. Maryland State Retirement & Pension System purchased a new position in GE Vernova during the 1st quarter worth $2,892,000. Anderson Hoagland & Co. purchased a new position in GE Vernova during the 1st quarter worth $1,720,000. Valeo Financial Advisors LLC purchased a new position in GE Vernova during the 1st quarter worth $673,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in GE Vernova during the 1st quarter worth $478,000.

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.