Shares of GE Vernova Inc. (NYSE:GEV – Get Free Report) rose 6.4% during mid-day trading on Tuesday . The stock traded as high as $1,178.20 and last traded at $1,172.7270. 3,081,046 shares changed hands during trading, an increase of 10% from the average daily volume of 2,806,594 shares. The stock had previously closed at $1,102.51.
More GE Vernova News
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova is being seen as a likely earnings beat candidate again, with articles highlighting its strong history of topping estimates and favorable operating trends ahead of the next report. Will GE Vernova (GEV) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Recent coverage pointed to rising orders for power generation and grid equipment tied to AI data centers, which supports GE Vernova’s growth outlook in gas turbines, electrification, and grid infrastructure. Why GE Vernova (GEV) Is Up 7.3% After Russell Top 50 Nod And AI Power Orders
- Positive Sentiment: Analyst sentiment remains constructive, with Bernstein reiterating a Buy/Outperform view and Erste Group nudging higher its FY2027 EPS estimate, reinforcing confidence in GE Vernova’s long-term earnings power. Bernstein Sticks to Their Buy Rating for GE Vernova Inc. (GEV)
- Positive Sentiment: The company’s expanded installed base of gas turbines should drive higher-margin services revenue over time, which is helping explain the stock’s strong momentum. Here’s Why GE Vernova Stock Soared Last Month
- Neutral Sentiment: Some recent coverage focused on valuation, noting that GEV trades at a premium after a sharp year-to-date run; that may limit upside if growth expectations cool. GE Vernova Trades at a Premium Valuation: Buy, Hold or Sell the Stock?
- Negative Sentiment: One recent trading update noted a pullback versus the broader market, showing that even with bullish fundamentals, the shares can still be volatile after a strong move higher. GE Vernova (GEV) Dips More Than Broader Market: What You Should Know
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on GEV. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $1,328.00 price target on shares of GE Vernova in a research note on Friday, April 24th. Morgan Stanley boosted their price objective on shares of GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a report on Monday, March 23rd. Sanford C. Bernstein assumed coverage on shares of GE Vernova in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $1,206.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Finally, Robert W. Baird boosted their price target on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,089.88.
GE Vernova Price Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The company has a market capitalization of $299.20 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 4.35 and a beta of 1.08. The stock’s 50 day simple moving average is $1,039.84 and its 200-day simple moving average is $875.23.
GE Vernova (NYSE:GEV – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts forecast that GE Vernova Inc. will post 14.99 earnings per share for the current fiscal year.
GE Vernova Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 5.83%.
Insider Buying and Selling at GE Vernova
In related news, CEO Victor Abate sold 4,819 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the completion of the transaction, the chief executive officer directly owned 1,835 shares of the company’s stock, valued at $1,739,726.80. The trade was a 72.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the sale, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new position in shares of GE Vernova during the fourth quarter worth $25,000. Wealth Watch Advisors INC acquired a new stake in GE Vernova in the third quarter valued at $25,000. Torren Management LLC purchased a new stake in GE Vernova during the 4th quarter worth about $26,000. Manning & Napier Advisors LLC boosted its position in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after acquiring an additional 13 shares in the last quarter. Finally, ORG Wealth Partners LLC boosted its position in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after acquiring an additional 29 shares in the last quarter.
About GE Vernova
GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.
The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.
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