GE Vernova Inc. (NYSE:GEV - Get Free Report) shares traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as $167.36 and last traded at $164.81. 448,711 shares changed hands during trading, a decline of 91% from the average session volume of 5,213,636 shares. The stock had previously closed at $163.93.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on GE Vernova in a research note on Tuesday, April 16th. They set a "buy" rating and a $154.00 price target on the stock. Raymond James assumed coverage on GE Vernova in a research note on Wednesday, April 17th. They set an "outperform" rating and a $160.00 price target on the stock. BNP Paribas assumed coverage on GE Vernova in a research note on Wednesday, April 17th. They set an "outperform" rating and a $177.00 price target on the stock. Evercore ISI assumed coverage on GE Vernova in a research note on Thursday, April 18th. They set an "outperform" rating and a $174.00 price target on the stock. Finally, Mizuho upped their price target on GE Vernova from $154.00 to $164.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and an average target price of $158.56.
Check Out Our Latest Stock Analysis on GE Vernova
GE Vernova Price Performance
GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.56 billion. Equities analysts forecast that GE Vernova Inc. will post 2.95 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Kozak & Associates Inc. bought a new stake in GE Vernova in the 1st quarter valued at $115,000. Yaupon Capital Management LP bought a new stake in GE Vernova in the 1st quarter valued at $10,256,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova in the 1st quarter valued at $367,474,000. LRI Investments LLC bought a new stake in GE Vernova in the 1st quarter valued at $63,000. Finally, Kinetic Partners Management LP bought a new stake in GE Vernova in the 1st quarter valued at $20,854,000.
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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