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

Key Points

• "Moderate Buy" consensus from 27 analysts (23 buys, 3 holds, 1 strong buy) with an average 12‑month price target of $831.29, and several firms recently raising targets (Rothschild & Co to $1,100, Evercore to $905).
• GE Vernova posted a massive quarterly beat with EPS $13.39 vs. $2.99 expected and revenue $10.96B vs. $10.21B, delivering a 12.8% net margin and 46.9% return on equity.
• The stock trades near $843.39 (52‑week range $252.25–$894.93) with a $227.3B market cap and announced a $0.50 quarterly dividend (annual $2.00, yield ~0.2%, ex‑dividend Mar 17).

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-seven research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $831.2917.

Several research firms recently issued reports on GEV. Wolfe Research upgraded GE Vernova from a "peer perform" rating to a "buy" rating in a research note on Wednesday, December 10th. Rothschild & Co Redburn raised GE Vernova from a "sell" rating to a "buy" rating and lifted their target price for the stock from $560.00 to $1,100.00 in a report on Monday, March 9th. UBS Group reissued a "buy" rating on shares of GE Vernova in a research report on Thursday, January 29th. Bank of America raised their price target on shares of GE Vernova from $725.00 to $804.00 and gave the stock a "buy" rating in a research report on Wednesday, December 10th. Finally, Evercore lifted their price objective on shares of GE Vernova from $860.00 to $905.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds have recently added to or reduced their stakes in GEV. Auto Owners Insurance Co lifted its holdings in shares of GE Vernova by 110,973.4% during the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock worth $2,278,224,000 after acquiring an additional 34,826,773 shares during the period. Vanguard Group Inc. increased 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 GE Vernova by 2.1% during the fourth quarter. State Street Corp now owns 11,469,670 shares of the company's stock valued at $7,496,232,000 after purchasing an additional 231,392 shares in the last quarter. Geode Capital Management LLC lifted its stake in GE Vernova by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company's stock worth $4,074,039,000 after purchasing an additional 68,894 shares during the last quarter. Finally, Morgan Stanley lifted its stake in GE Vernova by 12.8% during the fourth 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.

GE Vernova Price Performance

Shares of GEV opened at $843.39 on Wednesday. The company's 50-day moving average is $765.97 and its 200-day moving average is $667.09. The firm has a market capitalization of $227.32 billion, a PE ratio of 47.38, a PEG ratio of 3.29 and a beta of 1.44. GE Vernova has a fifty-two week low of $252.25 and a fifty-two week high of $894.93.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same quarter in the prior year, the business earned $1.73 EPS. GE Vernova's quarterly revenue was up 3.8% on a year-over-year basis. Analysts predict that GE Vernova will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova's payout ratio 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.

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