GE Vernova (NYSE:GEV) Stock Price Down 1.8%

GE Vernova Inc. (NYSE:GEV - Get Free Report) traded down 1.8% during trading on Wednesday . The stock traded as low as $149.80 and last traded at $150.92. 755,880 shares changed hands during trading, a decline of 88% from the average session volume of 6,539,776 shares. The stock had previously closed at $153.71.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BNP Paribas assumed coverage on GE Vernova in a report on Wednesday, April 17th. They set an "outperform" rating and a $177.00 price objective for the company. JPMorgan Chase & Co. raised GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 target price for the company in a research note on Monday, April 8th. Mizuho upped their target price on GE Vernova from $154.00 to $164.00 and gave the stock a "buy" rating in a research note on Wednesday. The Goldman Sachs Group assumed coverage on GE Vernova in a research note on Tuesday, April 16th. They issued a "buy" rating and a $154.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $158.56.

GE Vernova Trading Down 1.3 %

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 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.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently made changes to their positions in GEV. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of GE Vernova during the first quarter valued at approximately $478,000. Valeo Financial Advisors LLC bought a new position in shares of GE Vernova during the first quarter valued at approximately $673,000. Anderson Hoagland & Co. bought a new position in shares of GE Vernova during the first quarter valued at approximately $1,720,000. Finally, Maryland State Retirement & Pension System bought a new position in shares of GE Vernova during the first quarter 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.