GE Vernova (NYSE:GEV) Stock Price Up 1.5% - Time to Buy?

Key Points

• GE Vernova shares rose 1.5% to about $963.85, though trading volume was 46% below the average session volume.
• Analyst sentiment remains a “Moderate Buy,” with 26 Buy ratings and a consensus price target of $1,171.87, despite recent downgrades and target-price cuts.
• The company’s latest quarterly revenue increased 21.9% year over year to $11.10 billion and exceeded estimates, but earnings of $2.47 per share missed consensus by $0.70.

GE Vernova Inc. (NYSE:GEV - Get Free Report)'s share price was up 1.5% on Tuesday. The stock traded as high as $973.41 and last traded at $963.8530. 1,435,857 shares traded hands during trading, a decline of 46% from the average session volume of 2,665,511 shares. The stock had previously closed at $949.77.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. The Goldman Sachs Group upgraded shares of GE Vernova from a "buy" rating to a "market outperform" rating in a report on Monday, September 14th. Citigroup reduced their price target on GE Vernova from $1,219.00 to $1,125.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Glj Research initiated coverage on shares of GE Vernova in a report on Monday, September 14th. They issued a "sell" rating and a $470.00 price objective for the company. Finally, BNP Paribas Exane decreased their target price on GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating for the company in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,171.87.

GE Vernova Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The firm has a market capitalization of $256.70 billion, a P/E ratio of 27.59, a PEG ratio of 4.45 and a beta of 1.15. The firm has a 50-day moving average of $968.09 and a 200-day moving average of $990.35.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. GE Vernova's quarterly revenue was up 21.9% compared to the same quarter last year. As a group, analysts predict that GE Vernova Inc. will post 15.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Auto Owners Insurance Co raised its holdings in GE Vernova by 110,973.4% in the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock worth $2,278,224,000 after purchasing an additional 34,826,773 shares during the period. BlackRock Inc. purchased a new position in shares of GE Vernova during the 2nd quarter valued at about $25,569,630,000. State Street Corp grew its stake in shares of GE Vernova by 3.3% during the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company's stock valued at $13,828,380,000 after acquiring an additional 370,842 shares during the period. Bank of America Corp DE grew its stake in shares of GE Vernova by 20.1% during the 1st quarter. Bank of America Corp DE now owns 2,598,178 shares of the company's stock valued at $2,267,949,000 after acquiring an additional 435,405 shares during the period. Finally, Capital World Investors increased its holdings in GE Vernova by 1.2% in the 4th quarter. Capital World Investors now owns 2,181,816 shares of the company's stock worth $1,425,972,000 after acquiring an additional 25,619 shares in the last quarter.

About GE Vernova

GE Vernova Inc NYSE: GEV is an energy technology company formed through the separation of General Electric's energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.

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