Fintel reports that on August 29, 2024, William Blair initiated coverage of GE Vernova (NYSE:GEV) with a Outperform recommendation.
Analyst Price Forecast Suggests 8.39% Upside
As of August 26, 2024, the average one-year price target for GE Vernova is $207.42/share. The forecasts range from a low of $183.82 to a high of $231.00. The average price target represents an increase of 8.39% from its latest reported closing price of $191.36 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for GE Vernova is 35,083MM, an increase of 3.92%. The projected annual non-GAAP EPS is 3.27.
What is the Fund Sentiment?
There are 2,155 funds or institutions reporting positions in GE Vernova. This is an increase of 2,074 owner(s) or 2,560.49% in the last quarter. Average portfolio weight of all funds dedicated to GEV is 0.30%, an increase of 13.65%. Total shares owned by institutions increased in the last three months by 2,845.09% to 239,367K shares. 
The put/call ratio of GEV is 0.45, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 10,212K shares representing 3.72% ownership of the company. In its prior filing, the firm reported owning 2,687K shares , representing an increase of 73.69%. The firm increased its portfolio allocation in GEV by 365.32% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,666K shares representing 3.15% ownership of the company.
VFINX - Vanguard 500 Index Fund Investor Shares holds 7,035K shares representing 2.56% ownership of the company.
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main holds 6,401K shares representing 2.33% ownership of the company.
Geode Capital Management holds 5,514K shares representing 2.01% ownership of the company.
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This story originally appeared on Fintel.
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