GE Vernova (NYSE:GEV) Trading Up 0.9%

GE Vernova Inc. (NYSE:GEV)’s share price traded up 0.9% during trading on Monday . The company traded as high as $170.11 and last traded at $167.80. 1,453,301 shares were traded during mid-day trading, a decline of 77% from the average session volume of 6,229,973 shares. The stock had previously closed at $166.26.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They set a “buy” rating and a $154.00 price target on the stock. BNP Paribas assumed 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. Melius initiated coverage on GE Vernova in a research note on Monday, April 22nd. They set a “hold” rating and a $147.00 price target on the stock. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price objective for the company in a report on Monday, April 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of GE Vernova in a report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.56.

GE Vernova Stock Down 2.0 %

GE Vernova (NYSE:GEV) last released its quarterly earnings results 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 the consensus estimate of $7.56 billion. On average, equities research analysts forecast that GE Vernova Inc. will post 2.95 EPS for the current year.

Institutional Trading of GE Vernova

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd acquired a new stake in shares of GE Vernova during the first quarter worth $30,000. Boit C F David purchased a new position in GE Vernova during the first quarter worth about $149,000. Valeo Financial Advisors LLC acquired a new stake in GE Vernova in the 1st quarter worth about $673,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in GE Vernova in the 1st quarter valued at about $478,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of GE Vernova during the 1st quarter valued at about $2,892,000.

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.