GE Vernova Inc. (NYSE:GEV) Receives $788.24 Average Price Target from Brokerages

Shares of GE Vernova Inc. (NYSE:GEV) have earned a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $788.24.

A number of equities analysts have issued reports on GEV shares. The Goldman Sachs Group raised their target price on shares of GE Vernova from $840.00 to $925.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of GE Vernova in a research report on Wednesday, December 10th. Glj Research boosted their price objective on GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research report on Monday, January 12th. TD Cowen upped their price objective on GE Vernova from $680.00 to $780.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $930.00 target price on shares of GE Vernova in a research report on Thursday, January 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GEV. Brighton Jones LLC boosted its position in shares of GE Vernova by 29.4% during the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after buying an additional 753 shares during the period. Schnieders Capital Management LLC. raised its stake in GE Vernova by 1.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock valued at $828,000 after acquiring an additional 26 shares in the last quarter. D.A. Davidson & CO. boosted its position in GE Vernova by 14.4% during the 2nd quarter. D.A. Davidson & CO. now owns 8,036 shares of the company’s stock worth $4,252,000 after acquiring an additional 1,010 shares during the period. Brookstone Capital Management boosted its position in GE Vernova by 15.6% during the 2nd quarter. Brookstone Capital Management now owns 5,830 shares of the company’s stock worth $3,085,000 after acquiring an additional 786 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of GE Vernova by 7.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,467 shares of the company’s stock worth $776,000 after purchasing an additional 104 shares in the last quarter.

GE Vernova Price Performance

Shares of GEV opened at $831.01 on Friday. The stock has a market capitalization of $223.98 billion, a PE ratio of 46.69, a price-to-earnings-growth ratio of 3.30 and a beta of 1.67. The business’s fifty day moving average price is $707.95 and its 200 day moving average price is $642.37. GE Vernova has a 12-month low of $252.25 and a 12-month high of $846.00.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.21 billion. During the same quarter in the previous year, the firm earned $1.73 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that GE Vernova will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is 11.24%.

About GE Vernova

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.