GE Vernova Inc. (NYSE:GEV) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• GE Vernova Inc. has received an average rating of "Moderate Buy" from 33 ratings firms, with 19 analysts rating the stock as a buy and 4 as a strong buy.
• The company's stock has a current average price target of $592.61, with shares trading around $599.62 recently.
• GE Vernova reported $9.11 billion in revenue for the last quarter, exceeding analyst expectations, while also announcing a quarterly dividend of $0.25 per share.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirty-three ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and four have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $592.6071.

A number of equities research analysts have issued reports on GEV shares. Melius Research set a $740.00 price target on GE Vernova and gave the stock a "buy" rating in a research note on Monday, September 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of GE Vernova in a research note on Wednesday, October 8th. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Bank of America increased their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the completion of the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. grew its position in shares of GE Vernova by 2.6% during the third quarter. Farmers & Merchants Investments Inc. now owns 1,967 shares of the company's stock valued at $1,210,000 after purchasing an additional 50 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of GE Vernova by 56.2% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 24,475 shares of the company's stock valued at $15,050,000 after purchasing an additional 8,809 shares in the last quarter. Old North State Wealth Management LLC grew its position in shares of GE Vernova by 1.8% during the third quarter. Old North State Wealth Management LLC now owns 1,442 shares of the company's stock valued at $887,000 after purchasing an additional 26 shares in the last quarter. SS&H Financial Advisors Inc. purchased a new position in shares of GE Vernova during the third quarter valued at about $307,000. Finally, Ullmann Wealth Partners Group LLC bought a new position in shares of GE Vernova in the 3rd quarter valued at about $201,000.

GE Vernova Stock Performance

Shares of GEV stock opened at $599.62 on Friday. GE Vernova has a 52-week low of $252.25 and a 52-week high of $677.29. The firm has a market capitalization of $163.23 billion, a PE ratio of 144.49, a PEG ratio of 4.35 and a beta of 1.72. The stock has a fifty day simple moving average of $616.42 and a two-hundred day simple moving average of $520.58.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter in the prior year, the business posted $4.65 EPS. GE Vernova's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast 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 will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

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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