GE Vernova Inc. (NYSE:GEV) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• GE Vernova Inc. has received a consensus rating of "Moderate Buy" from 31 analysts, with a target price of approximately $560.21.
• The company reported a Q2 earnings per share of $1.86, exceeding expectations, with revenues of $9.11 billion, reflecting an 11.1% year-over-year increase.
• GE Vernova recently declared a quarterly dividend of $0.25 per share, resulting in a yield of 0.2% and a payout ratio of 24.10%.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty-one analysts that are presently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $560.2083.

A number of research analysts recently issued reports on GEV shares. Guggenheim lowered shares of GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Wells Fargo & Company lifted their price objective on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Finally, Citigroup raised their target price on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a report on Thursday, July 24th.

GE Vernova Trading Up 1.0%

Shares of NYSE:GEV opened at $663.25 on Tuesday. The firm has a market cap of $180.55 billion, a price-to-earnings ratio of 159.82, a P/E/G ratio of 4.54 and a beta of 1.90. GE Vernova has a 1 year low of $150.01 and a 1 year high of $677.29. The business has a fifty day simple moving average of $534.36 and a 200 day simple moving average of $417.97.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 earnings per share. On average, sell-side analysts forecast that GE Vernova will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio is presently 24.10%.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Navigoe LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth approximately $27,000. EQ Wealth Advisors LLC acquired a new position in shares of GE Vernova in the first quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Vernova during the first quarter worth $27,000. Clarity Asset Management Inc. acquired a new position in shares of GE Vernova in the 4th quarter valued at about $28,000. Finally, WFA Asset Management Corp bought a new position in shares of GE Vernova during the 2nd quarter worth approximately $29,000.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.

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