GE Vernova Inc. (NYSE:GEV) Receives $607.81 Average PT from Analysts

GE Vernova Inc. (NYSE:GEV) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-three brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $607.8148.

Several equities research analysts recently weighed in on the company. Redburn Partners set a $475.00 price target on GE Vernova in a report on Wednesday, October 15th. Robert W. Baird increased their target price on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Guggenheim downgraded shares of GE Vernova from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Mizuho decreased their price objective on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Finally, Citigroup lowered their price objective on shares of GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

Institutional Trading of GE Vernova

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in shares of GE Vernova by 29.4% during the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of GE Vernova by 7.6% during the first quarter. Stephens Inc. AR now owns 7,490 shares of the company’s stock valued at $2,286,000 after buying an additional 526 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in GE Vernova during the first quarter worth approximately $210,000. Dakota Wealth Management grew its stake in GE Vernova by 4.9% in the 1st quarter. Dakota Wealth Management now owns 1,611 shares of the company’s stock worth $492,000 after acquiring an additional 75 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in GE Vernova by 0.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company’s stock worth $2,598,000 after acquiring an additional 30 shares during the period.

GE Vernova Stock Up 3.5%

NYSE GEV opened at $577.64 on Thursday. The firm has a market cap of $156.72 billion, a P/E ratio of 94.08, a P/E/G ratio of 4.30 and a beta of 1.68. GE Vernova has a 52-week low of $252.25 and a 52-week high of $677.29. The business’s 50-day moving average price is $600.86 and its 200 day moving average price is $557.24.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same period in the previous year, the business posted ($0.35) earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts anticipate that GE Vernova will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 16.29%.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.