GE Vernova (NYSE:GEV) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

GE Vernova (NYSE:GEV) had its target price trimmed by JPMorgan Chase & Co. from $1,150.00 to $1,035.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also recently weighed in on GEV. Royal Bank Of Canada raised their price objective on GE Vernova from $1,225.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley lowered GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Citigroup reduced their price target on GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Thursday. Glj Research began coverage on GE Vernova in a research report on Monday, September 14th. They set a “sell” rating and a $470.00 price target for the company. Finally, Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $1,152.53.

GE Vernova Trading Down 3.7%

NYSE GEV opened at $854.58 on Thursday. The stock has a market capitalization of $226.19 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.93 and a beta of 1.14. The stock’s 50 day moving average price is $934.85 and its two-hundred day moving average price is $940.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. GE Vernova has a 52 week low of $530.16 and a 52 week high of $1,195.94.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. During the same period in the previous year, the business earned $1.64 EPS. The company’s revenue was up 26.8% compared to the same quarter last year. As a group, analysts anticipate that GE Vernova will post 16.05 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s payout ratio is currently 5.25%.

Hedge Funds Weigh In On GE Vernova

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of GE Vernova during the 2nd quarter valued at $25,569,630,000. Bank of America Corp DE bought a new position in GE Vernova in the 2nd quarter worth $2,961,612,000. Bank of New York Mellon Corp bought a new position in GE Vernova in the 2nd quarter worth $2,497,472,000. Jupiter Topco LLC purchased a new stake in GE Vernova in the 2nd quarter worth $2,371,538,000. Finally, Janus Henderson Group PLC increased its stake in GE Vernova by 4,358.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock worth $1,316,076,000 after buying an additional 1,485,712 shares in the last quarter.

GE Vernova News Summary

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

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

GE Vernova Company Profile

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.