GE Vernova (NYSE:GEV) Posts Earnings Results, Misses Estimates By $0.08 EPS

Key Points

• GE Vernova (NYSE:GEV) reported an earnings per share (EPS) of $1.64, missing analysts' expectations by $0.08, despite revenue of $9.97 billion, which exceeded projections.
• The company announced a quarterly dividend of $0.25, with a payout ratio of 24.10% and an annualized dividend yield of 0.2%.
• Analysts have mixed ratings on GE Vernova, with a consensus rating of "Moderate Buy" and price targets ranging from $605 to $740, indicating varying confidence in the stock's performance.

GE Vernova (NYSE:GEV - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.08), RTT News reports. The business had revenue of $9.97 billion during the quarter, compared to analysts' expectations of $9.15 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.35) EPS. GE Vernova updated its FY 2025 guidance to EPS.

GE Vernova Price Performance

GE Vernova stock opened at $585.12 on Wednesday. The business has a 50 day simple moving average of $613.83 and a 200-day simple moving average of $524.82. GE Vernova has a 12 month low of $252.25 and a 12 month high of $677.29. The stock has a market capitalization of $159.28 billion, a PE ratio of 140.99, a price-to-earnings-growth ratio of 4.30 and a beta of 1.72.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's payout ratio is presently 24.10%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GEV. Morgan Stanley raised their price objective on shares of GE Vernova from $675.00 to $690.00 and gave the stock an "overweight" rating in a report on Thursday, October 16th. Royal Bank Of Canada set a $605.00 price target on shares of GE Vernova and gave the stock a "sector perform" rating in a research note on Wednesday, October 1st. Melius Research set a $740.00 price objective on shares of GE Vernova and gave the company a "buy" rating in a research note on Monday, September 15th. Robert W. Baird raised their price objective on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and a consensus price target of $601.44.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were 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 approximately $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GEV. Geneos Wealth Management Inc. boosted its holdings in GE Vernova by 105.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,457 shares of the company's stock valued at $2,358,000 after purchasing an additional 2,283 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of GE Vernova by 37.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 51,730 shares of the company's stock worth $27,373,000 after buying an additional 14,110 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of GE Vernova by 5.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,211 shares of the company's stock valued at $1,170,000 after buying an additional 115 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of GE Vernova by 21.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,696 shares of the company's stock valued at $4,601,000 after buying an additional 1,515 shares in the last quarter. Finally, Blue Edge Capital LLC grew its holdings in GE Vernova by 304.2% during the second quarter. Blue Edge Capital LLC now owns 6,750 shares of the company's stock worth $3,572,000 after acquiring an additional 5,080 shares during the period.

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.

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