GE Vernova Inc. (NYSE:GEV – Get Free Report) fell 1.5% during trading on Tuesday . The stock traded as low as $878.00 and last traded at $919.5860. 3,826,792 shares changed hands during trading, an increase of 41% from the average session volume of 2,705,002 shares. The stock had previously closed at $933.85.
GE Vernova News Summary
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Erste Group Bank lifted its FY2027 earnings estimate for GE Vernova and reiterated a Strong-Buy view, reinforcing confidence in the company’s longer-term profit outlook. Dow Jones Futures Signal Market Bounce, But Then What? Oracle Dives, SpaceX IPO On Launch Pad
- Positive Sentiment: A new Benzinga piece highlighted GE Vernova as a potential beneficiary of the DOE’s fusion-energy timeline, which could boost sentiment around the company’s exposure to next-generation power technology. The DOE Just Put A Timeline On Fusion Energy — Why Nvidia, GE Vernova And Other Stocks Could Benefit
- Neutral Sentiment: Shares had recently seen a modest dip versus the broader market, but that move looks more like short-term volatility than a fundamental change in the story. GE Vernova (GEV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Argus set a $1,300.00 price objective on GE Vernova in a research note on Monday, April 27th. Citigroup increased their target price on GE Vernova from $779.00 to $1,110.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. TD Cowen increased their target price on GE Vernova from $780.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Zacks Research lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings upgraded GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,085.16.
GE Vernova Stock Performance
The stock has a market cap of $242.97 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.41 and a beta of 1.23. 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 has a 50 day moving average price of $1,007.32 and a 200 day moving average price of $828.51.
GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. GE Vernova’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. As a group, research analysts forecast that GE Vernova Inc. will post 14.99 earnings per share for the current year.
GE Vernova Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.83%.
Insiders Place Their Bets
In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares in the company, valued at $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.
Hedge Funds Weigh In On GE Vernova
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FAS Wealth Partners Inc. grew its stake in GE Vernova by 5.0% in the first quarter. FAS Wealth Partners Inc. now owns 562 shares of the company’s stock valued at $491,000 after purchasing an additional 27 shares during the last quarter. Robinswood Financial LLC purchased a new position in GE Vernova in the first quarter valued at about $79,000. Pine Valley Investments Ltd Liability Co grew its stake in GE Vernova by 93.8% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 5,662 shares of the company’s stock valued at $4,942,000 after purchasing an additional 2,741 shares during the last quarter. Wealthquest Corp grew its stake in GE Vernova by 1.2% in the first quarter. Wealthquest Corp now owns 924 shares of the company’s stock valued at $807,000 after purchasing an additional 11 shares during the last quarter. Finally, DV Trading LLC grew its stake in GE Vernova by 105.5% in the first quarter. DV Trading LLC now owns 520 shares of the company’s stock valued at $454,000 after purchasing an additional 267 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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