Analysts Set GE Vernova Inc. (NYSE:GEV) PT at $451.38

GE Vernova Inc. (NYSE:GEV - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirty-one research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $459.29.

GEV has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Seaport Res Ptn raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and lifted their target price for the stock from $427.00 to $517.00 in a research note on Thursday, May 29th. Finally, Barclays lifted their price target on shares of GE Vernova from $550.00 to $580.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th.

Hedge Funds Weigh In On GE Vernova

Institutional investors have recently added to or reduced their stakes in the company. MRP Capital Investments LLC bought a new stake in shares of GE Vernova in the 4th quarter worth about $25,000. Navigoe LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at about $27,000. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the 4th quarter valued at about $28,000.

GE Vernova Price Performance

GEV stock traded up $15.80 during midday trading on Friday, hitting $554.96. The stock had a trading volume of 2,469,640 shares, compared to its average volume of 3,322,158. The firm has a market cap of $151.46 billion, a PE ratio of 79.96, a price-to-earnings-growth ratio of 4.01 and a beta of 1.86. GE Vernova has a 12-month low of $150.01 and a 12-month high of $555.86. The company's 50-day moving average price is $479.94 and its 200 day moving average price is $391.73.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. GE Vernova's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.47) EPS. As a group, sell-side analysts anticipate that GE Vernova will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. GE Vernova's dividend payout ratio is currently 14.41%.

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.