GE Vernova Inc. (NYSE:GEV) Stock Has Average Price Target of $1,164.87

GE Vernova Inc. (NYSE:GEV) has been given an average rating of “Moderate Buy” by the thirty-five brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $1,144.20.

A number of analysts have issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $1,200.00 price target on shares of GE Vernova in a research note on Thursday, October 29th. BNP Paribas Exane dropped their price objective on shares of GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating for the company in a research note on Thursday, August 20th. Jefferies Financial Group reiterated a “buy” rating and set a $1,100.00 price objective on shares of GE Vernova in a report on Thursday, October 29th. Evercore reissued an “outperform” rating and issued a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. Finally, Royal Bank Of Canada raised their target price on shares of GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Bernstein reaffirmed its Buy rating, arguing that worries about political obstacles to U.S. data-center construction may be overdone. That view supports the case for continued demand for power equipment. Bernstein Reaffirms Their Buy Rating on GE Vernova
• Positive Sentiment: BMO sees substantial potential upside, citing GE Vernova’s exposure to demand for electricity and related infrastructure. BMO Sees 39% Upside
• Neutral Sentiment: Argus kept its Buy rating but cut its price target to $1,100 from $1,300, signaling continued optimism alongside a more cautious valuation outlook. Argus Buy Rating
• Neutral Sentiment: GE Vernova’s planned $9 billion purchase of Trench Group would expand its grid-equipment business, potentially helping address constraints in delivering electricity. The deal’s scale also brings execution and financial considerations. GE Vernova’s Trench Group Acquisition
• Negative Sentiment: The immediate pressure came from a broad selloff in data-center-related stocks, as investors reassessed AI infrastructure spending and the outlook for companies tied to it. Guggenheim also lowered its expectations for GEV, adding to concerns about near-term valuation. Data-Center Stock Selloff Guggenheim Lowers Expectations

Hedge Funds Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the stock. Keybank National Association OH increased its stake in shares of GE Vernova by 11.3% in the third quarter. Keybank National Association OH now owns 35,708 shares of the company’s stock worth $33,940,000 after acquiring an additional 3,626 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of GE Vernova by 11.7% during the third quarter. Cornerstone Wealth Management LLC now owns 3,868 shares of the company’s stock worth $3,677,000 after acquiring an additional 406 shares in the last quarter. Narwhal Capital Management acquired a new stake in GE Vernova during the third quarter valued at $3,559,000. Guardian Financial Partners LLC boosted its position in GE Vernova by 25.4% during the third quarter. Guardian Financial Partners LLC now owns 927 shares of the company’s stock valued at $881,000 after purchasing an additional 188 shares during the last quarter. Finally, 71 West Capital Partners boosted its position in GE Vernova by 3.5% during the third quarter. 71 West Capital Partners now owns 2,309 shares of the company’s stock valued at $2,195,000 after purchasing an additional 78 shares during the last quarter.

GE Vernova Price Performance

GEV stock opened at $832.02 on Thursday. The stock has a market capitalization of $220.22 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.25. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. GE Vernova has a 52-week low of $530.16 and a 52-week high of $1,195.94. The stock’s fifty day simple moving average is $930.57 and its 200-day simple moving average is $943.71.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The firm had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. During the same period in the prior year, the firm posted $1.64 earnings per share. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. Equities research analysts expect that GE Vernova will post 16.13 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.