GE Vernova (NYSE:GEV) Receives New Coverage from Analysts at Melius

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

A number of other equities research analysts have also weighed in on the company. BNP Paribas initiated coverage on GE Vernova in a report on Wednesday, April 17th. They issued an outperform rating and a $177.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of GE Vernova in a research report on Tuesday, April 16th. They set a buy rating and a $154.00 price target for the company. Raymond James initiated coverage on shares of GE Vernova in a research report on Wednesday, April 17th. They set an outperform rating and a $160.00 price target for the company. Royal Bank of Canada reiterated an outperform rating and set a $160.00 price target on shares of GE Vernova in a research report on Friday, April 12th. Finally, Mizuho initiated coverage on shares of GE Vernova in a research report on Monday, April 15th. They set a buy rating and a $154.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $158.38.

GE Vernova Stock Up 1.2 %

Shares of GEV opened at $136.72 on Monday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $152.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,428 shares of the company’s stock, valued at approximately $1,720,000.

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.