Erste Group Bank Raises Earnings Estimates for GE Vernova

GE Vernova Inc. (NYSE:GEV) – Erste Group Bank boosted their FY2027 earnings per share estimates for GE Vernova in a report issued on Tuesday, May 5th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $24.47 per share for the year, up from their prior forecast of $24.02. Erste Group Bank currently has a “Strong-Buy” rating on the stock. The consensus estimate for GE Vernova’s current full-year earnings is $14.84 per share.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. lifted their target price on GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Wells Fargo & Company increased their target price on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. BNP Paribas Exane cut GE Vernova from an “outperform” rating to a “neutral” rating and set a $1,190.00 price target for the company. in a report on Monday, April 27th. TD Cowen upped their price objective on GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Robert W. Baird boosted their target price on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,090.76.

GE Vernova Stock Performance

Shares of GEV opened at $1,063.74 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The firm has a 50-day moving average of $933.83 and a 200-day moving average of $755.75. The company has a market cap of $285.85 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 4.19 and a beta of 1.51. GE Vernova has a one year low of $387.03 and a one year high of $1,181.95.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. raised its stake in shares of GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the last quarter. Cornerstone Financial Management LLC acquired a new stake in GE Vernova in the fourth quarter valued at approximately $25,000. Wealth Watch Advisors INC acquired a new position in shares of GE Vernova during the third quarter worth approximately $25,000. Torren Management LLC bought a new stake in GE Vernova during the 4th quarter worth approximately $26,000. Finally, Manning & Napier Advisors LLC raised its stake in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares during the last quarter.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 5.83%.

About GE Vernova

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.