GE Vernova (NYSE:GEV) Earns Equal Weight Rating from Analysts at Morgan Stanley

Investment analysts at Morgan Stanley initiated coverage on shares of GE Vernova (NYSE:GEV - Get Free Report) in a research note issued on Thursday, MarketBeat.com reports. The brokerage set an "equal weight" rating and a $167.00 price target on the stock. Morgan Stanley's price target indicates a potential upside of 3.30% from the company's current price.

Several other equities analysts also recently commented on the stock. Evercore ISI started coverage on shares of GE Vernova in a research note on Thursday, April 18th. They issued an "outperform" rating and a $174.00 price target on the stock. Bank of America assumed coverage on GE Vernova in a research report on Wednesday, April 24th. They set a "neutral" rating and a $150.00 price target on the stock. BNP Paribas started coverage on GE Vernova in a report on Wednesday, April 17th. They issued an "outperform" rating and a $177.00 price objective for the company. The Goldman Sachs Group initiated coverage on GE Vernova in a report on Tuesday, April 16th. They set a "buy" rating and a $154.00 target price on the stock. Finally, Mizuho raised their price target on GE Vernova from $154.00 to $164.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Three research 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.90.

GE Vernova Price Performance

Shares of GEV stock traded down $2.18 during trading hours on Thursday, hitting $161.67. 3,103,051 shares of the company were exchanged, compared to its average volume of 5,202,674. GE Vernova has a 52 week low of $115.00 and a 52 week high of $173.50.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share 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 analysts' expectations of $7.56 billion. Research analysts anticipate that GE Vernova will post 2.95 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Several large investors have recently bought and sold shares of the company. Anderson Hoagland & Co. bought a new position in GE Vernova during the 1st quarter worth $1,720,000. Maryland State Retirement & Pension System acquired a new position in shares of GE Vernova in the first quarter worth approximately $2,892,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in GE Vernova in the first quarter valued at approximately $478,000. Valeo Financial Advisors LLC acquired a new stake in GE Vernova during the 1st quarter valued at approximately $673,000. Finally, Boit C F David bought a new position in GE Vernova during the 1st quarter worth approximately $149,000.

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.