Melius Begins Coverage on GE Vernova (NYSE:GEV)

Melius initiated coverage on shares of GE Vernova (NYSE:GEV - Get Free Report) in a research report issued on Monday, Marketbeat reports. The brokerage set a "hold" rating and a $147.00 price target on the stock. Melius' target price points to a potential upside of 7.52% from the stock's current price.

Several other research analysts also recently commented on GEV. Mizuho began coverage on GE Vernova in a report on Monday, April 15th. They set a "buy" rating and a $154.00 target price on the stock. Evercore ISI began coverage on GE Vernova in a research note on Thursday. They set an "outperform" rating and a $174.00 price target on the stock. BNP Paribas assumed coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They issued an "outperform" rating and a $177.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of GE Vernova in a research report on Tuesday, April 16th. They set a "buy" rating and a $154.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 price target for the company in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.38.

GE Vernova Price Performance

Shares of GEV stock traded up $1.62 during mid-day trading on Monday, reaching $136.72. 2,434,993 shares of the stock traded hands, compared to its average volume of 7,481,003. GE Vernova has a 1-year low of $115.00 and a 1-year high of $152.48.

Institutional Investors Weigh In On GE Vernova

An institutional investor recently bought a new position in GE Vernova stock. Maryland State Retirement & Pension System bought a new position in GE Vernova Inc. (NYSE:GEV - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,256 shares of the company's stock, valued at approximately $2,892,000.

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.