Mizuho Raises GE Vernova (NYSE:GEV) Price Target to $164.00

GE Vernova (NYSE:GEV) had its price objective upped by Mizuho from $154.00 to $164.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Evercore ISI initiated coverage on shares of GE Vernova in a research report on Thursday, April 18th. They set an outperform rating and a $174.00 target price on the stock. Melius began coverage on GE Vernova in a report on Monday, April 22nd. They set a hold rating and a $147.00 price objective on the stock. Bank of America started coverage on GE Vernova in a report on Wednesday, April 24th. They issued a neutral rating and a $150.00 target price for the company. JPMorgan Chase & Co. upgraded GE Vernova from a neutral rating to an overweight rating and set a $141.00 price target on the stock in a report on Monday, April 8th. Finally, Royal Bank of Canada reissued an outperform rating and issued a $160.00 price target on shares of GE Vernova in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, GE Vernova has a consensus rating of Moderate Buy and an average price target of $158.56.

GE Vernova Price Performance

NYSE:GEV opened at $166.26 on Wednesday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $167.17.

GE Vernova (NYSE:GEV) last posted its earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The business had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion. On average, equities research analysts predict that GE Vernova will post 2.98 earnings per share for the current year.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently modified their holdings of the business. Boit C F David acquired a new position in GE Vernova during the 1st quarter valued at $149,000. Valeo Financial Advisors LLC acquired a new position in shares of GE Vernova during the first quarter valued at about $673,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of GE Vernova in the first quarter valued at about $478,000. Maryland State Retirement & Pension System acquired a new stake in GE Vernova during the first quarter worth about $2,892,000. Finally, Anderson Hoagland & Co. bought a new position in GE Vernova during the first quarter valued at about $1,720,000.

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.