GE Vernova (NYSE:GEV) Price Target Raised to $1,400.00

GE Vernova (NYSE:GEVFree Report) had its price objective increased by Robert W. Baird from $1,008.00 to $1,400.00 in a research note released on Thursday, Marketbeat.com reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Erste Group Bank raised shares of GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Evercore lifted their price objective on shares of GE Vernova from $860.00 to $905.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Weiss Ratings raised shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Finally, Guggenheim lifted their price objective on shares of GE Vernova from $910.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $1,077.35.

Check Out Our Latest Research Report on GEV

GE Vernova Stock Performance

Shares of GEV stock opened at $1,148.51 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $308.63 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 4.43 and a beta of 1.43. The firm has a fifty day simple moving average of $897.77 and a two-hundred day simple moving average of $732.02. GE Vernova has a 12 month low of $356.94 and a 12 month high of $1,181.95.

GE Vernova (NYSE:GEVGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. Analysts forecast that GE Vernova will post 14.42 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th. GE Vernova’s payout ratio is 11.24%.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently made changes to their positions in GEV. Brighton Jones LLC boosted its holdings in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after buying an additional 753 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after buying an additional 26 shares during the last quarter. Jump Financial LLC purchased a new position in shares of GE Vernova in the 2nd quarter worth about $258,000. Ossiam purchased a new stake in GE Vernova during the second quarter valued at about $42,000. Finally, Nebula Research & Development LLC lifted its holdings in GE Vernova by 23.9% during the second quarter. Nebula Research & Development LLC now owns 1,674 shares of the company’s stock valued at $886,000 after purchasing an additional 323 shares during the last quarter.

Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

About GE Vernova

(Get Free Report)

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.

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Analyst Recommendations for GE Vernova (NYSE:GEV)

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