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

Shares of GE Vernova Inc. (NYSE:GEV) have received a consensus rating of “Moderate Buy” from the twenty-six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $788.24.

Several research firms recently commented on GEV. Weiss Ratings upgraded shares of GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. restated an “overweight” rating on shares of GE Vernova in a report on Wednesday, December 10th. Robert W. Baird set a $923.00 target price on shares of GE Vernova and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Guggenheim raised GE Vernova from a “neutral” rating to a “buy” rating and set a $910.00 target price on the stock in a research report on Friday, January 30th. Finally, Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st.

Institutional Investors Weigh In On GE Vernova

A number of institutional investors have recently bought and sold shares of the business. RFG Advisory LLC raised its position in GE Vernova by 2.1% in the fourth quarter. RFG Advisory LLC now owns 634 shares of the company’s stock worth $414,000 after purchasing an additional 13 shares in the last quarter. BlackDiamond Wealth Management LLC grew its stake in shares of GE Vernova by 2.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company’s stock valued at $308,000 after purchasing an additional 13 shares during the period. First Commonwealth Financial Corp PA raised its holdings in shares of GE Vernova by 3.5% in the 4th quarter. First Commonwealth Financial Corp PA now owns 380 shares of the company’s stock worth $248,000 after buying an additional 13 shares in the last quarter. Apriem Advisors lifted its position in shares of GE Vernova by 0.7% during the 4th quarter. Apriem Advisors now owns 2,124 shares of the company’s stock worth $1,388,000 after buying an additional 14 shares during the period. Finally, Voisard Asset Management Group Inc. lifted its position in shares of GE Vernova by 2.7% during the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company’s stock worth $376,000 after buying an additional 15 shares during the period.

GE Vernova Stock Down 0.6%

Shares of NYSE:GEV opened at $829.65 on Friday. The company has a market cap of $223.62 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 3.32 and a beta of 1.67. The business has a 50 day moving average price of $704.97 and a 200 day moving average price of $641.29. GE Vernova has a twelve month low of $252.25 and a twelve month high of $846.00.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping the consensus estimate of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same period in the previous year, the business posted $1.73 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts anticipate that GE Vernova will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be paid 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 is Tuesday, March 17th. GE Vernova’s dividend payout ratio is presently 11.24%.

GE Vernova Company Profile

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.