GE Vernova (NYSE:GEV) Trading Up 4.8% Following Analyst Upgrade

GE Vernova Inc. (NYSE:GEV)’s stock price rose 4.8% during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $1,302.00 to $1,330.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. GE Vernova traded as high as $1,041.79 and last traded at $1,032.1580. 3,453,721 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 2,814,445 shares. The stock had previously closed at $985.03.

Other equities research analysts also recently issued reports about the company. TD Cowen lifted their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company increased their price objective on shares of GE Vernova from $831.00 to $896.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Robert W. Baird raised their price objective on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $1,328.00 target price on shares of GE Vernova in a research note on Friday, April 24th. Finally, Argus set a $1,300.00 price target on GE Vernova in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,124.12.

Insider Buying and Selling at GE Vernova

In related news, CEO Victor Abate sold 4,819 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the completion of the sale, the chief accounting officer owned 3,549 shares in the company, valued at $3,758,710.41. The trade was a 39.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

GE Vernova News Roundup

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

• Positive Sentiment: JPMorgan raised its price target on GE Vernova to $1,330 and reiterated an overweight rating, signaling more upside from current levels. Benzinga article
• Positive Sentiment: Morgan Stanley boosted its target to $1,350 and kept an overweight rating, adding to the bullish analyst momentum around the stock. Benzinga article
• Positive Sentiment: TD Cowen increased its price target to $1,235 and maintained a buy rating, reflecting confidence in GE Vernova’s longer-term growth story. Benzinga article
• Positive Sentiment: GE Vernova’s Q2 update highlighted strong demand tied to AI data centers, a record backlog of about $176 billion, and raised full-year revenue and margin guidance, which supports the stock’s longer-term outlook. Reuters article
• Neutral Sentiment: Investors are also weighing the fact that GE Vernova missed EPS estimates and warned tariffs could increase costs by up to $200 million, which tempered enthusiasm despite the strong top-line trends.
• Neutral Sentiment: Additional coverage pointed to continued strength in electrification and power orders, while noting the wind segment remains a drag on margins.
• Negative Sentiment: The earnings miss and ongoing weakness in the wind business are still pressuring sentiment, even as the company’s backlog and guidance remain strong.

Institutional Trading of GE Vernova

A number of hedge funds have recently bought and sold shares of the company. Auto Owners Insurance Co raised its holdings in GE Vernova by 110,973.4% in the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock worth $2,278,224,000 after acquiring an additional 34,826,773 shares during the period. Vanguard Group Inc. boosted its holdings in GE Vernova by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 25,023,625 shares of the company’s stock valued at $16,354,691,000 after purchasing an additional 208,162 shares during the period. State Street Corp grew its position in GE Vernova by 2.1% in the 4th quarter. State Street Corp now owns 11,469,670 shares of the company’s stock worth $7,496,232,000 after purchasing an additional 231,392 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of GE Vernova by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company’s stock worth $4,074,039,000 after purchasing an additional 68,894 shares during the period. Finally, Morgan Stanley increased its holdings in shares of GE Vernova by 12.8% during the 4th quarter. Morgan Stanley now owns 6,054,474 shares of the company’s stock worth $3,957,024,000 after purchasing an additional 685,466 shares during the period.

GE Vernova Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average price is $1,036.29 and its 200 day moving average price is $918.91. The firm has a market cap of $277.36 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Equities research analysts predict that GE Vernova Inc. will post 15.06 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is currently 5.83%.

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.