GE Vernova Inc. (GEV) – What Are Investment Firms Thinking About This Stock?

Shares of GE Vernova Inc. (NYSE:GEV) have received a consensus rating of “Moderate Buy” from the thirty-five analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $1,165.87.

Several equities analysts recently commented on the stock. The Goldman Sachs Group raised shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. Mizuho increased their price objective on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their price objective on GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,250.00 target price (up from $1,110.00) on shares of GE Vernova in a report on Friday, August 7th.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of GE Vernova during the 2nd quarter valued at $32,000. Pingora Partners LLC purchased a new stake in GE Vernova during the 2nd quarter valued at $36,000. Manning & Napier Advisors LLC increased its holdings in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after buying an additional 13 shares in the last quarter. IMG Wealth Management Inc. bought a new stake in shares of GE Vernova in the second quarter worth approximately $39,000. Finally, Miller Global Investments LLC grew its position in GE Vernova by 63.6% in the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after purchasing an additional 14 shares during the period.

GE Vernova Price Performance

NYSE GEV opened at $1,003.83 on Friday. The firm’s 50-day simple moving average is $967.78 and its two-hundred day simple moving average is $998.65. The company has a market cap of $267.35 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.48 and a beta of 1.14. GE Vernova has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. Research analysts predict that GE Vernova will post 15.03 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given 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 currently 5.72%.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company formed through the separation of General Electric’s energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.