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

GE Vernova Inc. (NYSE:GEV - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirty-one research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $451.38.

Several research firms have recently weighed in on GEV. Truist Financial set a $440.00 price objective on GE Vernova in a research report on Thursday, March 27th. The Goldman Sachs Group raised their price target on GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. UBS Group started coverage on GE Vernova in a research note on Monday. They issued a "buy" rating and a $614.00 price target for the company. Robert W. Baird raised their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price target on GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday, May 16th.

Hedge Funds Weigh In On GE Vernova

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

GE Vernova Trading Down 0.1%

Shares of GEV stock traded down $0.41 on Friday, hitting $538.95. 2,285,780 shares of the stock were exchanged, compared to its average volume of 3,315,723. The firm has a market capitalization of $147.10 billion, a P/E ratio of 77.66, a price-to-earnings-growth ratio of 4.13 and a beta of 1.86. The business has a 50-day moving average of $474.02 and a 200 day moving average of $388.24. GE Vernova has a fifty-two week low of $150.01 and a fifty-two week high of $546.36.

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

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. GE Vernova's dividend payout ratio (DPR) is presently 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.