GE Vernova Inc. (NYSE:GEV) Stock Has Consensus Price Target of $1,171.87

Shares of GE Vernova Inc. (NYSE:GEV) have earned an average recommendation of “Moderate Buy” from the thirty-five analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $1,171.87.

A number of equities analysts have commented on GEV shares. The Goldman Sachs Group raised shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research report on Monday, September 14th. Glj Research assumed coverage on shares of GE Vernova in a research report on Monday, September 14th. They issued a “sell” rating and a $470.00 price objective on the stock. Guggenheim raised their target price on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd.

GE Vernova Stock Performance

GEV opened at $1,028.71 on Friday. 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 has a 12-month low of $530.16 and a 12-month high of $1,195.94. The business has a 50 day moving average of $965.26 and a 200-day moving average of $996.71. The stock has a market cap of $273.98 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 3.35 and a beta of 1.14.

GE Vernova (NYSE:GEV) last posted its earnings results 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). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts expect that GE Vernova will post 15.38 earnings per share for the current year.

GE Vernova Announces Dividend

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 given a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 5.72%.

Institutional Investors Weigh In On GE Vernova

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in GE Vernova in the 2nd quarter valued at $25,569,630,000. State Street Corp grew its holdings in GE Vernova by 3.3% in the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after buying an additional 370,842 shares in the last quarter. Bank of America Corp DE bought a new position in GE Vernova during the 2nd quarter worth $2,961,612,000. Bank of New York Mellon Corp bought a new position in GE Vernova during the 2nd quarter worth $2,497,472,000. Finally, Jupiter Topco LLC acquired a new stake in shares of GE Vernova during the second quarter worth $2,371,538,000.

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.