Melius Begins Coverage on GE Vernova (NYSE:GEV)

Melius started coverage on shares of GE Vernova (NYSE:GEV) in a report released on Monday, Marketbeat reports. The brokerage issued a hold rating and a $147.00 price target on the stock.

Other analysts have also issued research reports about the company. Royal Bank of Canada reiterated an outperform rating and issued a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th. BNP Paribas started coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an outperform rating and a $177.00 price objective for the company. Evercore ISI assumed coverage on shares of GE Vernova in a research report on Thursday, April 18th. They issued an outperform rating and a $174.00 price objective for the company. Raymond James assumed coverage on shares of GE Vernova in a research report on Wednesday, April 17th. They set an outperform rating and a $160.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded GE Vernova from a neutral rating to an overweight rating and set a $141.00 price target for the company in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, GE Vernova has an average rating of Moderate Buy and an average price target of $157.44.

GE Vernova Trading Up 1.5 %

Shares of NYSE:GEV opened at $148.31 on Monday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $152.48.

Institutional Trading of GE Vernova

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in GE Vernova during the 1st quarter worth $478,000. Valeo Financial Advisors LLC purchased a new stake in GE Vernova in the first quarter valued at about $673,000. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova during the first quarter worth about $1,720,000. Finally, Maryland State Retirement & Pension System acquired a new position in shares of GE Vernova during the first quarter valued at about $2,892,000.

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.