Morgan Stanley Issues Positive Forecast for GE Vernova (NYSE:GEV) Stock Price

GE Vernova (NYSE:GEV) had its price objective boosted by Morgan Stanley from $301.00 to $367.00 in a research note released on Friday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other analysts also recently weighed in on the company. HSBC restated a “hold” rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. William Blair began coverage on GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. JPMorgan Chase & Co. increased their price objective on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Oppenheimer initiated coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.55.

GE Vernova Trading Up 1.1 %

GEV stock traded up $3.72 during midday trading on Friday, hitting $329.76. The company’s stock had a trading volume of 2,931,274 shares, compared to its average volume of 3,524,734. The company has a 50 day moving average of $273.49 and a two-hundred day moving average of $208.44. GE Vernova has a 12 month low of $115.00 and a 12 month high of $349.79.

Institutional Trading of GE Vernova

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its position in GE Vernova by 2.5% during the 3rd quarter. FMR LLC now owns 24,047,678 shares of the company’s stock valued at $6,131,677,000 after purchasing an additional 584,208 shares during the last quarter. State Street Corp raised its holdings in GE Vernova by 1.1% in the 3rd quarter. State Street Corp now owns 10,434,917 shares of the company’s stock worth $2,660,695,000 after acquiring an additional 118,184 shares during the last quarter. Mountaineer Partners Management LLC bought a new position in GE Vernova in the 3rd quarter valued at approximately $2,507,296,000. Geode Capital Management LLC increased its holdings in GE Vernova by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,594,223 shares of the company’s stock worth $1,420,763,000 after buying an additional 80,479 shares in the last quarter. Finally, Newport Trust Company LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $650,140,000.

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.