GE Vernova (NYSE:GEV) Announces Quarterly Earnings Results

GE Vernova (NYSE:GEV - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.23, Zacks reports. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. GE Vernova updated its FY 2025 guidance to EPS.

GE Vernova Trading Up 3.3%

NYSE GEV traded up $20.63 on Friday, hitting $644.60. 3,598,352 shares of the company were exchanged, compared to its average volume of 3,698,717. The firm has a 50 day moving average of $506.49 and a two-hundred day moving average of $404.16. GE Vernova has a 1-year low of $150.01 and a 1-year high of $651.22. The company has a market cap of $175.93 billion, a P/E ratio of 155.33, a P/E/G ratio of 4.70 and a beta of 1.86.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GEV. TD Cowen increased their price objective on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a report on Friday. Morgan Stanley raised their price target on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a report on Thursday. Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Citigroup raised their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $540.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GE Vernova stock. Brighton Jones LLC raised its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,315 shares of the company's stock after acquiring an additional 753 shares during the quarter. Brighton Jones LLC's holdings in GE Vernova were worth $1,091,000 as of its most recent SEC filing.

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.