Brokerages Set GE Vernova Inc. (NYSE:GEV) PT at $592.61

GE Vernova Inc. (NYSE:GEV) has been given an average recommendation of “Moderate Buy” by the thirty-three research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, nineteen have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $607.4815.

A number of brokerages have commented on GEV. Melius upgraded GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 target price on the stock in a research note on Monday, September 15th. Melius Research set a $740.00 target price on GE Vernova and gave the company a “buy” rating in a research note on Monday, September 15th. Rothschild Redb downgraded GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. upped their price target on GE Vernova from $715.00 to $740.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, HSBC upped their price target on GE Vernova from $570.00 to $580.00 and gave the stock a “hold” rating in a research note on Friday, September 5th.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company 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. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova during the 1st quarter worth about $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the 1st quarter worth about $27,000. WFA Asset Management Corp acquired a new position in shares of GE Vernova during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 53 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in shares of GE Vernova during the 1st quarter worth about $31,000.

GE Vernova Price Performance

Shares of NYSE GEV opened at $594.45 on Friday. The business’s 50-day moving average price is $612.04 and its two-hundred day moving average price is $527.31. GE Vernova has a one year low of $252.25 and a one year high of $677.29. The company has a market capitalization of $161.82 billion, a P/E ratio of 96.82, a price-to-earnings-growth ratio of 4.17 and a beta of 1.72.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.08). GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter last year, the firm earned ($0.35) EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that GE Vernova will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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

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.