Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) traded up 0.1% during trading on Tuesday . The stock traded as high as $161.25 and last traded at $161.05. 374,462 shares were traded during trading, a decline of 93% from the average session volume of 5,297,137 shares. The stock had previously closed at $160.95.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on GEV shares. The Goldman Sachs Group initiated coverage on GE Vernova in a research note on Tuesday, April 16th. They issued a "buy" rating and a $154.00 price target for the company. Evercore ISI initiated coverage on GE Vernova in a research note on Thursday, April 18th. They set an "outperform" rating and a $174.00 target price on the stock. Raymond James began coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an "outperform" rating and a $160.00 price objective for the company. Bank of America started coverage on shares of GE Vernova in a research report on Wednesday, April 24th. They set a "neutral" rating and a $150.00 target price for the company. Finally, Mizuho raised their price target on GE Vernova from $154.00 to $164.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $158.56.
View Our Latest Stock Report on GEV
GE Vernova Price Performance
GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.56 billion. As a group, analysts anticipate that GE Vernova Inc. will post 2.95 earnings per share for the current fiscal year.
Institutional Trading of GE Vernova
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd bought a new stake in shares of GE Vernova during the first quarter valued at approximately $30,000. LRI Investments LLC bought a new stake in GE Vernova during the 1st quarter valued at $63,000. Kozak & Associates Inc. purchased a new stake in shares of GE Vernova in the 1st quarter worth $115,000. Boit C F David bought a new position in shares of GE Vernova during the 1st quarter worth $149,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of GE Vernova during the 1st quarter worth $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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