William Blair Begins Coverage on GE Vernova (NYSE:GEV)

William Blair started coverage on shares of GE Vernova (NYSE:GEV) in a report issued on Thursday morning, MarketBeat reports. The firm issued an outperform rating on the stock.

A number of other analysts have also weighed in on the stock. Evercore ISI raised their target price on shares of GE Vernova from $174.00 to $202.00 and gave the company an outperform rating in a research report on Thursday, July 25th. HSBC began coverage on shares of GE Vernova in a research report on Monday, August 12th. They set a buy rating and a $215.00 price target for the company. The Goldman Sachs Group increased their price target on GE Vernova from $196.00 to $220.00 and gave the stock a buy rating in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed an outperform rating and issued a $180.00 price target on shares of GE Vernova in a report on Monday, July 22nd. Finally, Morgan Stanley reiterated an overweight rating and issued a $220.00 target price on shares of GE Vernova in a research note on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $189.83.

GE Vernova Price Performance

GE Vernova stock opened at $201.00 on Thursday. The stock’s 50-day simple moving average is $175.93. GE Vernova has a 52 week low of $115.00 and a 52 week high of $201.37.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, sell-side analysts predict that GE Vernova will post 3.1 EPS for the current year.

Institutional Trading of GE Vernova

Several large investors have recently made changes to their positions in the business. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the 2nd quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in shares of GE Vernova in the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $27,000.

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.