GE Vernova (NYSE:GEV) Trading 0.6% Higher After Analyst Upgrade

GE Vernova Inc. (NYSE:GEV - Get Free Report) shares rose 0.6% on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $163.00 to $176.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. GE Vernova traded as high as $169.00 and last traded at $164.90. Approximately 954,766 shares traded hands during trading, a decline of 81% from the average daily volume of 5,145,102 shares. The stock had previously closed at $163.85.

A number of other brokerages have also recently commented on GEV. Melius started coverage on shares of GE Vernova in a research note on Monday, April 22nd. They issued a "hold" rating and a $147.00 price objective for the company. Raymond James started coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They issued an "outperform" rating and a $160.00 price objective for the company. Mizuho lifted their price objective on shares of GE Vernova from $154.00 to $164.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. BNP Paribas started coverage on shares of GE Vernova in a report on Wednesday, April 17th. They issued an "outperform" rating and a $177.00 target price for the company. Finally, Evercore ISI started coverage on shares of GE Vernova in a research note on Thursday, April 18th. They set an "outperform" rating and a $174.00 price target for the company. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.90.

Institutional Investors Weigh In On GE Vernova

Several large investors have recently added to or reduced their stakes in GEV. ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova in the 1st quarter valued at about $30,000. LRI Investments LLC purchased a new stake in shares of GE Vernova in the 1st quarter worth approximately $63,000. Kozak & Associates Inc. purchased a new stake in shares of GE Vernova in the 1st quarter worth approximately $115,000. Boit C F David purchased a new stake in shares of GE Vernova in the 1st quarter worth approximately $149,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of GE Vernova in the 1st quarter worth approximately $478,000.

GE Vernova Trading Down 1.3 %

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

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.