GE Vernova (NYSE:GEV) Shares Up 3.1% – Should You Buy?

GE Vernova Inc. (NYSE:GEV) was up 3.1% on Wednesday . The stock traded as high as $596.98 and last traded at $590.3770. Approximately 2,220,585 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 3,393,210 shares. The stock had previously closed at $572.56.

Analyst Ratings Changes

Several research firms recently commented on GEV. Susquehanna boosted their price target on GE Vernova from $740.00 to $750.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Mizuho decreased their target price on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Melius raised shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target on the stock in a research note on Monday, September 15th. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada lifted their target price on GE Vernova from $605.00 to $630.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $607.81.

GE Vernova Stock Performance

The firm has a market cap of $160.18 billion, a price-to-earnings ratio of 96.15, a price-to-earnings-growth ratio of 4.32 and a beta of 1.68. The business’s 50 day moving average price is $593.62 and its 200-day moving average price is $567.10.

GE Vernova (NYSE:GEV) last posted its quarterly 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 return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter last year, the business posted ($0.35) earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 20th were given 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 of this dividend was Monday, October 20th. GE Vernova’s dividend payout ratio is currently 16.29%.

Institutional Trading of GE Vernova

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strategic Advocates LLC acquired a new position in shares of GE Vernova in the 3rd quarter valued at about $52,000. KERR FINANCIAL PLANNING Corp acquired a new position in GE Vernova in the third quarter valued at approximately $55,000. BlueCrest Capital Management Ltd acquired a new stake in shares of GE Vernova during the 3rd quarter worth approximately $5,105,000. CIBC Private Wealth Group LLC raised its position in shares of GE Vernova by 100.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 357,214 shares of the company’s stock worth $219,651,000 after purchasing an additional 178,620 shares during the period. Finally, Capital Square LLC lifted its holdings in shares of GE Vernova by 2.3% in the 3rd quarter. Capital Square LLC now owns 1,866 shares of the company’s stock worth $1,147,000 after purchasing an additional 42 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.