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

Shares of GE Vernova Inc. (NYSE:GEV) have received a consensus rating of “Moderate Buy” from the thirty-four ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-two have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $691.1111.

A number of brokerages have recently weighed in on GEV. The Goldman Sachs Group boosted their price target on GE Vernova from $735.00 to $840.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Bank of America boosted their target price on shares of GE Vernova from $725.00 to $804.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley increased their target price on shares of GE Vernova from $710.00 to $822.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Wolfe Research raised shares of GE Vernova from a “peer perform” rating to a “buy” rating in a report on Wednesday, December 10th. Finally, Mizuho dropped their price objective on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th.

Institutional Investors Weigh In On GE Vernova

Several large investors have recently added to or reduced their stakes in the stock. Pines Wealth Management LLC bought a new position in shares of GE Vernova during the second quarter worth about $408,000. Dupree Financial Group LLC bought a new position in GE Vernova during the 2nd quarter worth approximately $253,000. International Assets Investment Management LLC lifted its position in shares of GE Vernova by 18.8% in the 2nd quarter. International Assets Investment Management LLC now owns 3,903 shares of the company’s stock worth $2,065,000 after purchasing an additional 619 shares during the period. Quantbot Technologies LP boosted its stake in shares of GE Vernova by 91.6% in the 2nd quarter. Quantbot Technologies LP now owns 43,625 shares of the company’s stock valued at $23,084,000 after purchasing an additional 20,853 shares during the last quarter. Finally, Alpha Financial Partners LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at $230,000.

GE Vernova Stock Performance

GEV opened at $653.24 on Friday. The company has a market capitalization of $177.24 billion, a P/E ratio of 106.39, a PEG ratio of 4.98 and a beta of 1.67. The company has a 50-day moving average of $610.93 and a 200-day moving average of $599.39. GE Vernova has a 1-year low of $252.25 and a 1-year high of $731.00.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the business posted ($0.35) earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that GE Vernova will post 6.59 earnings per share for the current fiscal year.

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be issued a $0.50 dividend. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

About GE Vernova

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.