GE Vernova Inc. (NYSE:GEV) Stock Has Consensus Price Target of $1,164.87 According to Analysts

GE Vernova Inc. (NYSE:GEV) has earned an average rating of “Moderate Buy” from the thirty-five brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, twenty-seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $1,152.53.

Several analysts have recently issued reports on the stock. Glj Research boosted their price objective on shares of GE Vernova from $470.00 to $540.00 and gave the company a “sell” rating in a research note on Friday. Oppenheimer restated an “outperform” rating on shares of GE Vernova in a report on Wednesday. Citigroup cut their target price on GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Thursday. BNP Paribas Exane reduced their target price on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th. Finally, Evercore reissued an “outperform” rating and set a $1,350.00 price target on shares of GE Vernova in a research report on Thursday, October 1st.

Hedge Funds Weigh In On GE Vernova

Several hedge funds and other institutional investors have recently made changes to their positions in GEV. Pathway Financial Advisers LLC acquired a new position in GE Vernova in the 3rd quarter worth about $70,000. Costello Asset Management INC raised its holdings in shares of GE Vernova by 2.9% during the 3rd quarter. Costello Asset Management INC now owns 1,068 shares of the company’s stock valued at $1,015,000 after purchasing an additional 30 shares in the last quarter. Bfsg LLC boosted its holdings in GE Vernova by 10.8% in the third quarter. Bfsg LLC now owns 3,324 shares of the company’s stock worth $3,159,000 after purchasing an additional 323 shares in the last quarter. Northeast Investment Management boosted its holdings in GE Vernova by 5.0% in the third quarter. Northeast Investment Management now owns 13,186 shares of the company’s stock worth $12,533,000 after purchasing an additional 631 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in GE Vernova by 6.0% during the third quarter. Chicago Partners Investment Group LLC now owns 10,964 shares of the company’s stock worth $8,935,000 after buying an additional 622 shares during the last quarter.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

GE Vernova Trading Down 3.7%

Shares of GEV opened at $854.58 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62. GE Vernova has a 1-year low of $530.16 and a 1-year high of $1,195.94. The stock has a market cap of $226.19 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The firm has a 50 day simple moving average of $934.85 and a 200-day simple moving average of $940.34.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to analysts’ expectations of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. Equities analysts forecast that GE Vernova will post 16.05 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.