GE Vernova (NYSE:GEV) Given New $216.00 Price Target at JPMorgan Chase & Co.

GE Vernova (NYSE:GEV) had its price target boosted by JPMorgan Chase & Co. from $195.00 to $216.00 in a research note released on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Daiwa America raised GE Vernova to a strong-buy rating in a research report on Friday, June 21st. Citigroup began coverage on shares of GE Vernova in a report on Tuesday, June 11th. They issued a neutral rating and a $183.00 price objective on the stock. Mizuho boosted their target price on shares of GE Vernova from $154.00 to $164.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Argus initiated coverage on shares of GE Vernova in a research report on Thursday, June 13th. They issued a buy rating and a $190.00 target price for the company. Finally, Raymond James assumed coverage on GE Vernova in a report on Wednesday, April 17th. They set an outperform rating and a $160.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova currently has an average rating of Moderate Buy and a consensus target price of $179.39.

GE Vernova Stock Up 0.9 %

Shares of NYSE:GEV opened at $161.40 on Thursday. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $185.50. The firm’s 50-day simple moving average is $171.50.

GE Vernova (NYSE:GEV) last posted its earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate 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. On average, equities analysts expect that GE Vernova will post 3.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of GE Vernova during the second quarter valued at approximately $2,579,000. State of Michigan Retirement System purchased a new position in GE Vernova during the 2nd quarter worth approximately $12,870,000. First Command Advisory Services Inc. acquired a new stake in GE Vernova during the 2nd quarter valued at $91,000. Liontrust Investment Partners LLP purchased a new stake in shares of GE Vernova in the second quarter valued at $6,003,000. Finally, MTM Investment Management LLC acquired a new stake in shares of GE Vernova in the second quarter worth $280,000.

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.