GE Vernova Inc. (NYSE:GEV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of GE Vernova Inc. (NYSE:GEV) have earned a consensus rating of “Moderate Buy” from the thirty-one ratings firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $404.56.

A number of equities analysts have weighed in on the stock. Citigroup decreased their price objective on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Bank of America increased their price target on GE Vernova from $520.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. New Street Research set a $380.00 price objective on GE Vernova in a report on Wednesday, March 5th. Royal Bank of Canada cut their target price on GE Vernova from $453.00 to $445.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. Finally, Susquehanna reissued a “positive” rating and set a $499.00 price target (up previously from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th.

GE Vernova Stock Down 2.0%

NYSE GEV opened at $477.93 on Monday. GE Vernova has a fifty-two week low of $150.01 and a fifty-two week high of $500.72. The business has a 50 day moving average price of $408.13 and a two-hundred day moving average price of $365.83. The stock has a market cap of $130.44 billion, a PE ratio of 85.96, a P/E/G ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.47) earnings per share. Sell-side analysts anticipate that GE Vernova will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is presently 14.41%.

Institutional Trading of GE Vernova

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MRP Capital Investments LLC bought a new stake in GE Vernova in the fourth quarter valued at $25,000. Fairway Wealth LLC increased its holdings in shares of GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the period. Navigoe LLC acquired a new position in GE Vernova during the 4th quarter valued at about $27,000. EQ Wealth Advisors LLC acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $27,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $27,000.

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.