GE Vernova Inc. (NYSE:GEV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of GE Vernova Inc. (NYSE:GEV) have received an average rating of “Moderate Buy” from the thirty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and four 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 $592.3462.

A number of equities analysts have recently weighed in on GEV shares. Susquehanna upped their price target on shares of GE Vernova from $662.00 to $736.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. TD Cowen upped their target price on GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price target on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. HSBC boosted their price target on GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Finally, Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective on the stock in a research report on Monday, September 15th.

GE Vernova Price Performance

NYSE GEV opened at $614.57 on Wednesday. The firm has a market capitalization of $167.30 billion, a price-to-earnings ratio of 148.09, a price-to-earnings-growth ratio of 4.39 and a beta of 1.87. The company has a 50 day simple moving average of $625.00 and a 200-day simple moving average of $494.32. GE Vernova has a 52-week low of $248.50 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the prior year, the business earned $4.65 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts predict that GE Vernova will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

Insider Transactions at GE Vernova

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

Institutional Trading of GE Vernova

Several large investors have recently made changes to their positions in GEV. Caitong International Asset Management Co. Ltd bought a new stake in GE Vernova during the first quarter worth approximately $912,000. Pines Wealth Management LLC acquired a new stake in shares of GE Vernova in the second quarter worth $408,000. Resona Asset Management Co. Ltd. lifted its stake in shares of GE Vernova by 8.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock worth $26,229,000 after buying an additional 6,551 shares during the last quarter. Lockheed Martin Investment Management Co. bought a new stake in shares of GE Vernova during the 1st quarter worth $458,000. Finally, Golden State Wealth Management LLC grew its stake in GE Vernova by 201.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $373,000 after buying an additional 817 shares during the last quarter.

About GE Vernova

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.