<div id="readability-page-1"><p><span>GE Vernova (NYSE:GEV - Free Report)</span> had its price target upped by Truist Financial from $400.00 to $420.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.</p><ul><li>MarketBeat Week in Review – 01/06 - 01/10</li></ul><p>Other equities analysts have also issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of GE Vernova from $324.00 to $400.00 and gave the company a &#34;buy&#34; rating in a report on Thursday, December 12th. Morgan Stanley upped their price objective on GE Vernova from $301.00 to $367.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, November 15th. Royal Bank of Canada  reissued an &#34;outperform&#34; rating and set a $376.00 target price on shares of GE Vernova in a research note on Wednesday, December 11th. Citigroup upped their price target on GE Vernova from $292.00 to $361.00 and gave the company a &#34;neutral&#34; rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group raised their price objective on GE Vernova from $348.00 to $391.00 and gave the stock a &#34;buy&#34; rating in a research report on Friday, December 13th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued  a buy rating and one  has issued  a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $321.35.</p><p><b>View Our Latest Stock Analysis on GE Vernova</b></p><h2>GE Vernova Trading Up 1.0 %</h2><ul><li>GE Vernova: The Energy Giant Powering a Multi-Year Stock Surge</li></ul><p>NYSE GEV opened at $390.86 on Thursday. The business's fifty day simple moving average is $342.29 and its 200-day simple moving average is $261.18. GE Vernova has a 52 week low of $115.00 and a 52 week high of $397.76. </p><p>GE Vernova announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 10th that permits the company to repurchase $6.00 billion in  outstanding  shares. This repurchase authorization permits the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued. </p><h2>GE Vernova Dividend Announcement</h2><ul><li>3 Stocks Ringing in The New Year With Large Buyback Announcements</li></ul><p>The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, December 20th. </p><h2>Institutional Inflows and Outflows</h2><p>A number of institutional investors have recently added to or reduced their stakes in the company. Castleview Partners LLC acquired a new stake in shares of  GE Vernova in the 3rd quarter valued at $28,000.  Pathway Financial Advisers LLC purchased a new stake in  GE Vernova during the 2nd quarter worth about $29,000.  Glass Jacobson Investment Advisors llc acquired a new position in shares of  GE Vernova during the 2nd quarter worth about $30,000.  Covestor Ltd increased its stake in  GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company's stock valued at $31,000 after purchasing an additional 46 shares during the last quarter.  Finally, Darwin Wealth Management LLC purchased a new position in shares of  GE Vernova in the 3rd quarter valued at $31,000. </p><h2>About GE Vernova</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than GE Vernova</li><li>3 Stocks to Protect Your Portfolio from the Coronavirus Contagion </li><li>Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?</li><li>Short Selling: How to Short a Stock</li><li>UnitedHealth Group Pulls Back Into Another Healthy Opportunity</li><li>Stock Dividend Cuts Happen Are You Ready?</li><li>Micron Technology: Riding the AI Wave to Long-Term Growth</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdFVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdFVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in GE Vernova Right Now?</h2><p>Before you consider GE Vernova, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.</p><p>While GE Vernova currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Truist Financial has raised its price target for GE Vernova (NYSE:GEV) from $400.00 to $420.00, maintaining a "buy" rating. Other analysts have also increased their targets, with Goldman Sachs raising it to $400.00, Morgan Stanley to $367.00, and Citigroup to $361.00. GE Vernova's stock has seen a significant rise, with a 52-week high of $397.76. The company recently announced a $6 billion stock buyback plan and a quarterly dividend of $0.25 per share, reflecting confidence in its valuation.</p>

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GE Vernova

Truist Financial

GE Vernova (NYSE:GEV) Price Target Raised to $420.00 at Truist Financial