GE Vernova Inc. (NYSE:GEV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

GE Vernova Inc. (NYSE:GEV) has been given an average rating of “Moderate Buy” by the twenty-six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $788.24.

A number of equities analysts have recently issued reports on GEV shares. Wells Fargo & Company upped their target price on shares of GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Robert W. Baird set a $923.00 price target on shares of GE Vernova and gave the company an “outperform” rating in a report on Wednesday, February 4th. Mizuho set a $714.00 price objective on GE Vernova in a report on Tuesday, February 3rd. Wall Street Zen upgraded GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Glj Research lifted their target price on GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research note on Monday, January 12th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GEV. Vanguard Group Inc. boosted its stake in GE Vernova by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 25,023,625 shares of the company’s stock valued at $16,354,691,000 after acquiring an additional 208,162 shares during the last quarter. State Street Corp raised its position in shares of GE Vernova by 2.1% during the 4th quarter. State Street Corp now owns 11,469,670 shares of the company’s stock valued at $7,496,232,000 after acquiring an additional 231,392 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of GE Vernova by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company’s stock valued at $4,074,039,000 after purchasing an additional 68,894 shares during the period. Morgan Stanley boosted its position in shares of GE Vernova by 12.8% in the 4th quarter. Morgan Stanley now owns 6,054,474 shares of the company’s stock worth $3,957,024,000 after purchasing an additional 685,466 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of GE Vernova during the fourth quarter worth $2,283,114,000.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $829.65 on Friday. The company’s fifty day moving average is $704.97 and its 200-day moving average is $641.29. GE Vernova has a 52 week low of $252.25 and a 52 week high of $846.00. The company has a market capitalization of $223.62 billion, a PE ratio of 46.61, a P/E/G ratio of 3.32 and a beta of 1.67.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. During the same period last year, the firm posted $1.73 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts forecast that GE Vernova will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is presently 11.24%.

GE Vernova Company Profile

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.