GE Vernova (NYSE:GEV) Now Covered by Wells Fargo & Company

Equities research analysts at Wells Fargo & Company assumed coverage on shares of GE Vernova (NYSE:GEV) in a report released on Thursday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $385.00 price target on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 12.32% from the company’s current price.

GEV has been the topic of a number of other reports. Raymond James downgraded shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 target price on the stock. BMO Capital Markets boosted their price target on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. The Goldman Sachs Group increased their price objective on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Truist Financial lifted their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Stock Up 0.8 %

Shares of GEV opened at $342.77 on Thursday. The company’s 50 day moving average price is $281.39 and its 200 day moving average price is $212.57. GE Vernova has a 52 week low of $115.00 and a 52 week high of $349.79.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds have recently modified their holdings of GEV. Waverton Investment Management Ltd increased its holdings in shares of GE Vernova by 10.0% during the third quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock worth $185,459,000 after buying an additional 66,455 shares in the last quarter. Hanlon Investment Management Inc. acquired a new stake in GE Vernova during the 3rd quarter valued at $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 during the last quarter. Aspire Private Capital LLC acquired a new position in GE Vernova in the second quarter worth $40,000. Finally, Legal & General Group Plc acquired a new stake in shares of GE Vernova in the second quarter valued at $293,699,000.

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.