GE Vernova (NYSE:GEV) Stock Price Up 1.1% - Here's What Happened

Key Points

• GE Vernova shares rose 1.1% to about $1,074.28 on Monday (intraday high $1,098.90) while trading volume was ~1.91M shares, down roughly 32% versus average.
• Multiple analysts have raised price targets and issued positive ratings—Barclays, Robert W. Baird and Goldman Sachs among them—with a consensus price target near $1,090.76 and an overall rating of "Moderate Buy."
• The company reported a blockbuster quarter with EPS of $17.44 versus $1.95 expected and revenue of $9.34B (up 17% YoY), alongside strong margins and a quarterly dividend of $0.50 (≈0.2% yield).

GE Vernova Inc. (NYSE:GEV - Get Free Report) rose 1.1% during trading on Monday . The stock traded as high as $1,098.90 and last traded at $1,074.2750. Approximately 1,909,004 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 2,789,921 shares. The stock had previously closed at $1,062.95.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent research reports. Barclays raised their price objective on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Argus set a $1,300.00 target price on GE Vernova in a report on Monday, April 27th. Robert W. Baird lifted their target price on GE Vernova from $1,008.00 to $1,400.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. The Goldman Sachs Group reiterated a "buy" rating and issued a $1,328.00 target price on shares of GE Vernova in a report on Friday, April 24th. Finally, Wells Fargo & Company lifted their target price on GE Vernova from $831.00 to $896.00 and gave the company an "overweight" rating in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,090.76.

GE Vernova Stock Up 1.1%

The company has a market cap of $288.68 billion, a PE ratio of 31.29, a P/E/G ratio of 3.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The business's 50 day moving average is $919.40 and its 200-day moving average is $745.60.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $15.49. The company had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.GE Vernova's revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. As a group, analysts predict that GE Vernova Inc. will post 14.84 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th. GE Vernova's payout ratio is 5.83%.

Institutional Trading of GE Vernova

Several institutional investors have recently modified their holdings of the stock. Synergy Asset Management LLC raised its stake in GE Vernova by 300.0% during the 3rd quarter. Synergy Asset Management LLC now owns 1,884 shares of the company's stock valued at $1,078,000 after acquiring an additional 1,413 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in GE Vernova by 25.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company's stock valued at $9,990,000 after acquiring an additional 3,278 shares during the last quarter. Kercheville Advisors LLC raised its stake in GE Vernova by 238.3% during the 3rd quarter. Kercheville Advisors LLC now owns 4,905 shares of the company's stock valued at $3,016,000 after acquiring an additional 3,455 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in GE Vernova during the 3rd quarter valued at approximately $18,601,000. Finally, US Bancorp DE raised its position in GE Vernova by 2.2% during the 3rd quarter. US Bancorp DE now owns 100,542 shares of the company's stock worth $61,824,000 after buying an additional 2,163 shares during the last quarter.

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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