GE Vernova (NYSE:GEV) Price Target Raised to $176.00 at JPMorgan Chase & Co.

GE Vernova (NYSE:GEV - Free Report) had its price objective increased by JPMorgan Chase & Co. from $163.00 to $176.00 in a report issued on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on GEV. Evercore ISI began coverage on shares of GE Vernova in a report on Thursday, April 18th. They issued an outperform rating and a $174.00 price objective for the company. The Goldman Sachs Group started coverage on shares of GE Vernova in a report on Tuesday, April 16th. They set a buy rating and a $154.00 price target for the company. Morgan Stanley started coverage on shares of GE Vernova in a report on Thursday. They set an equal weight rating and a $167.00 price target for the company. BNP Paribas started coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an outperform rating and a $177.00 price target for the company. Finally, Raymond James started coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an outperform rating and a $160.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $162.90.

GE Vernova Trading Down 1.3 %

GEV traded down $2.18 on Thursday, reaching $161.67. The company had a trading volume of 3,136,568 shares, compared to its average volume of 5,202,674. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $173.50.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.17). The business had revenue of $7.26 billion for the quarter, compared to analysts' expectations of $7.56 billion. On average, equities analysts forecast that GE Vernova will post 2.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ANTIPODES PARTNERS Ltd acquired a new position in GE Vernova in the 1st quarter valued at approximately $30,000. LRI Investments LLC acquired a new position in GE Vernova in the 1st quarter valued at approximately $63,000. Kozak & Associates Inc. acquired a new position in GE Vernova in the 1st quarter valued at approximately $115,000. Boit C F David acquired a new stake in shares of GE Vernova during the first quarter worth $149,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of GE Vernova during the first 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.