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

Shares of GE Vernova Inc. (NYSE:GEV) have been assigned an average rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $831.2917.

Several equities research analysts recently issued reports on the stock. Evercore lifted their price target on shares of GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Glj Research increased their price objective on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Wall Street Zen upgraded shares of GE Vernova from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Barclays reaffirmed an “overweight” rating and set a $849.00 target price on shares of GE Vernova in a research note on Monday, February 2nd. Finally, UBS Group reiterated a “buy” rating on shares of GE Vernova in a research note on Thursday, January 29th.

GE Vernova Stock Up 1.9%

Shares of GEV stock opened at $843.39 on Wednesday. The business has a fifty day simple moving average of $765.97 and a 200 day simple moving average of $667.09. The company has a market cap of $227.32 billion, a P/E ratio of 47.38, a P/E/G ratio of 3.29 and a beta of 1.44. GE Vernova has a twelve month low of $252.25 and a twelve month high of $894.93.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping the consensus estimate of $2.99 by $10.40. The firm had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.73 earnings per share. As a group, equities research analysts anticipate that GE Vernova will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. boosted its position in GE Vernova by 344.4% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after buying an additional 31 shares during the period. Cornerstone Financial Management LLC acquired a new position in GE Vernova in the 4th quarter valued at approximately $25,000. Wealth Watch Advisors INC bought a new position in shares of GE Vernova during the third quarter valued at $25,000. Torren Management LLC bought a new position in shares of GE Vernova during the fourth quarter valued at $26,000. Finally, ORG Wealth Partners LLC lifted its holdings in shares of GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares during the period.

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.