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

Shares of GE Vernova Inc. (NYSE:GEV) have earned a consensus rating of “Moderate Buy” from the thirty-three ratings firms that are presently covering the company, Marketbeat.com reports. Two research 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 brokerages that have updated their coverage on the stock in the last year is $607.8148.

GEV has been the subject of a number of recent research reports. Redburn Partners set a $475.00 target price on GE Vernova in a research note on Wednesday, October 15th. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a report on Monday, September 15th. Robert W. Baird lifted their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. TD Cowen decreased their target price on shares of GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Finally, BMO Capital Markets raised their price target on shares of GE Vernova from $690.00 to $710.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd.

GE Vernova Trading Down 0.3%

GEV stock opened at $576.48 on Thursday. The firm has a 50-day moving average of $600.40 and a two-hundred day moving average of $559.92. GE Vernova has a 12 month low of $252.25 and a 12 month high of $677.29. The company has a market cap of $156.41 billion, a price-to-earnings ratio of 93.89, a PEG ratio of 4.30 and a beta of 1.69.

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

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 20th were given a $0.25 dividend. The ex-dividend date was Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is currently 16.29%.

Insider Activity at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction on 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 owned 7,590 shares of the company’s stock, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of GE Vernova

Several institutional investors and hedge funds have recently bought and sold shares of GEV. Caitong International Asset Management Co. Ltd acquired a new stake in GE Vernova in the first quarter valued at approximately $912,000. Pines Wealth Management LLC purchased a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $408,000. Resona Asset Management Co. Ltd. raised its holdings in shares of GE Vernova by 8.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after purchasing an additional 6,551 shares in the last quarter. Dupree Financial Group LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth $253,000. Finally, Lockheed Martin Investment Management Co. purchased a new stake in shares of GE Vernova during the 1st quarter worth $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.