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

Shares of GE Vernova Inc. (NYSE:GEV) have earned a consensus rating of “Moderate Buy” from the thirty-one analysts that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $560.2083.

Several research firms have commented on GEV. Wolfe Research cut GE Vernova from an “outperform” rating to a “peer perform” rating in a report on Friday, June 13th. Seaport Res Ptn upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. BMO Capital Markets lifted their price target on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Barclays lifted their price target on GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 24th.

GE Vernova Trading Down 0.5%

NYSE:GEV opened at $576.80 on Friday. The firm has a market cap of $157.02 billion, a price-to-earnings ratio of 138.99, a price-to-earnings-growth ratio of 4.24 and a beta of 1.87. The company’s 50-day moving average is $594.87 and its two-hundred day moving average is $454.39. GE Vernova has a 12-month low of $192.12 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that GE Vernova will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is 24.10%.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GE Vernova

A number of large investors have recently modified their holdings of the company. Sachetta LLC raised its holdings in shares of GE Vernova by 10.7% in the 2nd quarter. Sachetta LLC now owns 165 shares of the company’s stock worth $87,000 after purchasing an additional 16 shares during the period. Good Life Advisors LLC raised its holdings in shares of GE Vernova by 1.0% in the 2nd quarter. Good Life Advisors LLC now owns 1,654 shares of the company’s stock worth $875,000 after purchasing an additional 16 shares during the period. Bell Investment Advisors Inc raised its holdings in shares of GE Vernova by 6.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company’s stock worth $135,000 after purchasing an additional 16 shares during the period. AMG National Trust Bank raised its holdings in shares of GE Vernova by 1.5% in the 2nd quarter. AMG National Trust Bank now owns 1,145 shares of the company’s stock worth $606,000 after purchasing an additional 17 shares during the period. Finally, Graney & King LLC raised its holdings in shares of GE Vernova by 2.4% in the 2nd quarter. Graney & King LLC now owns 722 shares of the company’s stock worth $382,000 after purchasing an additional 17 shares during the period.

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.