GE Vernova Inc. (NYSE:GEV) Receives Consensus Rating of “Moderate Buy” from Brokerages

GE Vernova Inc. (NYSE:GEV) has earned an average recommendation of “Moderate Buy” from the thirty-three analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, nineteen have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $607.8148.

A number of equities analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Cowen reiterated a “buy” rating on shares of GE Vernova in a research report on Thursday, October 23rd. BMO Capital Markets boosted their target price on shares of GE Vernova from $690.00 to $710.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Rothschild & Co Redburn reaffirmed a “sell” rating and set a $475.00 price target on shares of GE Vernova in a research report on Wednesday, October 15th.

GE Vernova Stock Down 0.2%

Shares of GE Vernova stock opened at $575.07 on Thursday. The stock has a market cap of $156.03 billion, a price-to-earnings ratio of 93.66, a P/E/G ratio of 4.28 and a beta of 1.68. GE Vernova has a twelve month low of $252.25 and a twelve month high of $677.29. The company’s fifty day moving average is $601.77 and its 200 day moving average is $554.47.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same period in the previous year, the firm posted ($0.35) earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GE Vernova will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is presently 16.29%.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in GE Vernova during the first quarter valued at $912,000. Pines Wealth Management LLC purchased a new stake in shares of GE Vernova in the second quarter worth $408,000. Resona Asset Management Co. Ltd. increased its holdings in shares of GE Vernova by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after acquiring an additional 6,551 shares in the last quarter. Dupree Financial Group LLC bought a new position in shares of GE Vernova during the second quarter valued at $253,000. Finally, Lockheed Martin Investment Management Co. purchased a new position in shares of GE Vernova in the 1st quarter worth about $458,000.

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.