GE Vernova Inc. (NYSE:GEV) Receives $1,090.76 Consensus Target Price from Analysts

Shares of GE Vernova Inc. (NYSE:GEVGet Free Report) have received an average rating of “Moderate Buy” from the twenty-nine analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $1,090.76.

Several analysts have recently issued reports on GEV shares. BMO Capital Markets increased their price target on shares of GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Jefferies Financial Group upped their target price on shares of GE Vernova from $965.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Erste Group Bank upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Rothschild & Co Redburn upgraded shares of GE Vernova from a “sell” rating to a “buy” rating and upped their target price for the stock from $560.00 to $1,100.00 in a research note on Monday, March 9th.

View Our Latest Analysis on GEV

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Jackson Grant Investment Advisers Inc. raised its position in GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after acquiring an additional 31 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of GE Vernova in the fourth quarter valued at $25,000. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova in the third quarter valued at $25,000. Torren Management LLC purchased a new position in shares of GE Vernova in the fourth quarter valued at $26,000. Finally, Manning & Napier Advisors LLC increased its position in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares in the last quarter.

GE Vernova Trading Down 0.9%

Shares of GEV opened at $1,062.65 on Thursday. GE Vernova has a 52-week low of $421.64 and a 52-week high of $1,181.95. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $948.72 and its two-hundred day moving average is $769.13. The stock has a market cap of $285.56 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 4.01 and a beta of 1.51.

GE Vernova (NYSE:GEVGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Research analysts forecast that GE Vernova will post 14.84 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were given a $0.50 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 5.83%.

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GE Vernova Company Profile

(Get Free Report)

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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Analyst Recommendations for GE Vernova (NYSE:GEV)

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