Erste Group Bank Lifts Earnings Estimates for GE Vernova

GE Vernova Inc. (NYSE:GEV) – Stock analysts at Erste Group Bank boosted their FY2027 EPS estimates for shares of GE Vernova in a research report issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $24.73 per share for the year, up from their previous estimate of $24.64. The consensus estimate for GE Vernova’s current full-year earnings is $15.57 per share.

A number of other equities analysts have also recently issued reports on GEV. Oppenheimer raised their target price on GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Susquehanna set a $1,300.00 price target on GE Vernova in a research note on Thursday, April 23rd. Zacks Research downgraded shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Jefferies Financial Group reiterated a “buy” rating on shares of GE Vernova in a research report on Monday, July 27th. Finally, Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,133.15.

GE Vernova Trading Up 2.0%

NYSE GEV opened at $1,010.59 on Wednesday. The stock has a 50-day simple moving average of $1,028.19 and a 200 day simple moving average of $951.59. The company has a market capitalization of $269.15 billion, a PE ratio of 28.92, a P/E/G ratio of 3.53 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. GE Vernova has a 12 month low of $530.16 and a 12 month high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. During the same period last year, the company earned $1.86 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is currently 5.72%.

Insider Transactions at GE Vernova

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the sale, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. This represents a 72.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.

Institutional Trading of GE Vernova

Large investors have recently bought and sold shares of the business. Sterling Financial Planning Inc. acquired a new stake in GE Vernova during the 2nd quarter worth approximately $311,000. Burnham & Co LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $117,000. Callan Family Office LLC boosted its holdings in shares of GE Vernova by 3.0% in the second quarter. Callan Family Office LLC now owns 8,589 shares of the company’s stock valued at $10,091,000 after buying an additional 247 shares during the period. Manhattan West Asset Management LLC bought a new stake in shares of GE Vernova during the second quarter worth $222,000. Finally, Laidlaw Wealth Management LLC bought a new stake in shares of GE Vernova during the second quarter worth $345,000.

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.