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

Key Points

• Analysts have given GE Vernova Inc. a consensus recommendation of "Moderate Buy", with an average 1-year price target of approximately $560.21.
• GE Vernova recently reported earnings that exceeded expectations, with earnings per share of $1.86 against a consensus estimate of $1.63 and revenues of $9.11 billion.
• The company has announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.2%.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) have been given an average recommendation of "Moderate Buy" by 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 assigned a buy rating and four have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $560.2083.

A number of analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and upped their target price for the stock from $427.00 to $517.00 in a research report on Thursday, May 29th. Barclays upped their target price on shares of GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. TD Cowen upped their target price on shares of GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th.

GE Vernova Trading Down 3.0%

Shares of GE Vernova stock opened at $614.60 on Friday. The company's fifty day simple moving average is $589.73 and its two-hundred day simple moving average is $449.81. The company has a market cap of $167.31 billion, a P/E ratio of 148.10, a PEG ratio of 4.38 and a beta of 1.90. GE Vernova has a 12-month low of $185.35 and a 12-month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share 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 net margin of 3.16% and a return on equity of 13.23%. The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Analysts predict that GE Vernova will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, July 21st. GE Vernova's dividend payout ratio is 24.10%.

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company's stock.

Institutional Trading of GE Vernova

Institutional investors have recently bought and sold shares of the company. WFA Asset Management Corp purchased a new stake in GE Vernova during the 2nd quarter valued at about $29,000. Howard Hughes Medical Institute bought a new position in GE Vernova during the 2nd quarter valued at about $31,000. Monetary Management Group Inc. bought a new position in GE Vernova during the 2nd quarter valued at about $32,000. Highline Wealth Partners LLC lifted its stake in GE Vernova by 34.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company's stock valued at $37,000 after acquiring an additional 18 shares during the period. Finally, Raleigh Capital Management Inc. bought a new position in GE Vernova during the 2nd quarter valued at about $37,000.

GE Vernova Company Profile

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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