GE Vernova (NYSE:GEV) Stock Gets Price Target Reduction from Guggenheim

GE Vernova (NYSE:GEV) had its price target decreased by Guggenheim from $1,450.00 to $1,400.00 in a research report released on Monday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other research firms also recently weighed in on GEV. HSBC upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,040.00 to $1,100.00 in a research note on Friday, October 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $1,298.00 price objective on shares of GE Vernova in a research note on Wednesday, October 28th. Evercore reaffirmed an “outperform” rating and set a $1,350.00 price objective on shares of GE Vernova in a report on Thursday, October 1st. Royal Bank Of Canada raised their price objective on shares of GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of GE Vernova from $1,150.00 to $1,035.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. Two 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,144.20.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $832.02 on Monday. The firm has a market capitalization of $220.22 billion, a PE ratio of 40.54, a PEG ratio of 3.10 and a beta of 1.25. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22. GE Vernova has a 1-year low of $530.16 and a 1-year high of $1,195.94. The business’s 50 day moving average is $930.57 and its 200-day moving average is $943.71.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. GE Vernova’s revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 earnings per share. Sell-side analysts predict that GE Vernova will post 16.13 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Institutional Inflows and Outflows

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

Key GE Vernova News

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

• Positive Sentiment: Bernstein reaffirmed its Buy rating, arguing that worries about political obstacles to U.S. data-center construction may be overdone. That view supports the case for continued demand for power equipment. Bernstein Reaffirms Their Buy Rating on GE Vernova
• Positive Sentiment: BMO sees substantial potential upside, citing GE Vernova’s exposure to demand for electricity and related infrastructure. BMO Sees 39% Upside
• Neutral Sentiment: Argus kept its Buy rating but cut its price target to $1,100 from $1,300, signaling continued optimism alongside a more cautious valuation outlook. Argus Buy Rating
• Neutral Sentiment: GE Vernova’s planned $9 billion purchase of Trench Group would expand its grid-equipment business, potentially helping address constraints in delivering electricity. The deal’s scale also brings execution and financial considerations. GE Vernova’s Trench Group Acquisition
• Negative Sentiment: The immediate pressure came from a broad selloff in data-center-related stocks, as investors reassessed AI infrastructure spending and the outlook for companies tied to it. Guggenheim also lowered its expectations for GEV, adding to concerns about near-term valuation. Data-Center Stock Selloff Guggenheim Lowers Expectations

About GE Vernova

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.