GE Vernova (NYSE:GEV) Stock Price Down 3.7% Following Analyst Downgrade

GE Vernova Inc. (NYSE:GEV)’s stock price dropped 3.7% on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $1,150.00 to $1,035.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. GE Vernova traded as low as $844.08 and last traded at $854.58. Approximately 4,544,411 shares were traded during trading, an increase of 69% from the average session volume of 2,694,791 shares. The stock had previously closed at $887.85.

Several other research analysts have also recently commented on GEV. TD Cowen reduced their target price on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a research report on Thursday. Susquehanna decreased their target price on shares of GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating on the stock in a research report on Thursday. Citigroup cut their price target on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Thursday. Oppenheimer reaffirmed an “outperform” rating on shares of GE Vernova in a report on Wednesday. Finally, Guggenheim reissued a “buy” rating and issued a $1,450.00 target price on shares of GE Vernova in a report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $1,152.53.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova reported third-quarter adjusted EPS of $4.81 versus the $4.03 consensus estimate, while revenue reached $12.64 billion, up 26.8% year over year and ahead of expectations. Management also highlighted a record $197 billion backlog and raised its outlook. GE Vernova Q3 2026 Earnings Call Transcript
• Positive Sentiment: Demand from AI data centers is supporting gas-turbine pricing, with customers reserving production capacity years in advance. Rising prices and stronger margins improve the earnings outlook for GE Vernova’s Power business. AI Data Centers Have Driven Gas Turbine Prices Up 50%
• Positive Sentiment: HSBC upgraded GEV to Buy from Hold and increased its price target to $1,100 from $1,040, saying the wind division appears largely derisked and may be past its worst. Bernstein also reaffirmed an Outperform rating, while Susquehanna maintained a Positive rating with a $1,250 target. HSBC Upgrades GE Vernova
• Positive Sentiment: GE Vernova agreed to acquire Trench Group for $9 billion, expanding its high-voltage grid-equipment manufacturing and vertical integration in Europe and Asia. The deal positions the company to benefit from long-term electrification and grid investment. GE Vernova in $9B Deal to Buy High-Voltage Manufacturer

Institutional Trading of GE Vernova

Several hedge funds have recently modified their holdings of GEV. Advance Capital Management Inc. increased its position in GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock valued at $402,000 after acquiring an additional 10 shares in the last quarter. Alpha Financial Partners LLC raised its stake in shares of GE Vernova by 2.0% in the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock worth $449,000 after acquiring an additional 10 shares during the last quarter. Sandy Cove Advisors LLC raised its stake in shares of GE Vernova by 2.6% in the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock worth $457,000 after acquiring an additional 10 shares during the last quarter. Mirador Capital Partners LP lifted its position in shares of GE Vernova by 2.5% during the second quarter. Mirador Capital Partners LP now owns 408 shares of the company’s stock worth $479,000 after purchasing an additional 10 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in shares of GE Vernova by 15.4% during the second quarter. Elevation Wealth Partners LLC now owns 75 shares of the company’s stock worth $88,000 after purchasing an additional 10 shares in the last quarter.

GE Vernova Price Performance

The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $937.07 and its 200-day moving average price is $939.27. The company has a market capitalization of $227.60 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.04 and a beta of 1.14.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The business had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. During the same quarter last year, the business posted $1.64 earnings per share. GE Vernova’s revenue for the quarter was up 26.8% compared to the same quarter last year. Equities research analysts anticipate that GE Vernova Inc. will post 15.04 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is 5.72%.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.