GE Vernova (NYSE:GEV) Trading Up 2.4% – Time to Buy?

GE Vernova Inc. (NYSE:GEV)’s stock price was up 2.4% on Tuesday . The stock traded as high as $333.33 and last traded at $333.33. Approximately 421,044 shares changed hands during trading, a decline of 88% from the average daily volume of 3,495,396 shares. The stock had previously closed at $325.37.

Analyst Ratings Changes

Several analysts have recently weighed in on GEV shares. Truist Financial lifted their target price on GE Vernova from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Oppenheimer started coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Royal Bank of Canada lifted their target price on GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their target price on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their price objective on GE Vernova from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.02.

GE Vernova Stock Up 0.8 %

The company has a 50 day moving average of $281.39 and a 200 day moving average of $212.57.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds have recently modified their holdings of the business. Waverton Investment Management Ltd boosted its holdings in GE Vernova by 10.0% during the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after acquiring an additional 66,455 shares during the period. Hanlon Investment Management Inc. acquired a new stake in GE Vernova in the 3rd quarter valued at about $1,101,000. Atria Investments Inc raised its position in GE Vernova by 127.0% in the 3rd quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,847 shares in the last quarter. Aspire Private Capital LLC acquired a new stake in GE Vernova in the 2nd quarter valued at about $40,000. Finally, Legal & General Group Plc acquired a new stake in GE Vernova in the 2nd quarter valued at about $293,699,000.

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.