GE Vernova (NYSE:GEV – Free Report) had its price target reduced by Argus from $1,300.00 to $1,100.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.
GEV has been the subject of a number of other reports. Mizuho increased their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Glj Research upped their price objective on GE Vernova from $470.00 to $540.00 and gave the company a “sell” rating in a research note on Friday, October 30th. The Goldman Sachs Group upgraded GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. 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-seven have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,144.20.
View Our Latest Research Report on GEV
GE Vernova Price Performance
Shares of NYSE:GEV opened at $772.42 on Tuesday. The company’s 50-day moving average is $926.91 and its 200 day moving average is $944.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The company has a market capitalization of $204.44 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25. GE Vernova has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94.
GE Vernova (NYSE:GEV – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share. On average, equities research analysts forecast that GE Vernova will post 16.13 earnings per share for the current year.
GE Vernova Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is 5.25%.
Institutional Trading of GE Vernova
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in GE Vernova in the second quarter worth about $25,569,630,000. Bank of America Corp DE acquired a new position in GE Vernova in the 2nd quarter worth approximately $2,961,612,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova during the second quarter worth $2,497,472,000. Jupiter Topco LLC purchased a new position in shares of GE Vernova during the 2nd quarter valued at about $2,371,538,000. Finally, Janus Henderson Group PLC raised its position in GE Vernova by 4,358.6% during the first quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock valued at $1,316,076,000 after acquiring an additional 1,485,712 shares in the last quarter.
GE Vernova News Summary
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: A bullish long-term view points to GE Vernova’s growing backlog and orders, with its HA gas turbines potentially supporting higher-margin service revenue as the installed base expands. Prediction: GE Vernova Will Make Investors a Lot Richer by 2030
- Positive Sentiment: Argus Research maintained a Buy rating, signaling that at least one analyst sees upside despite recent uncertainty. GE Vernova Receives a Buy from Argus Research
- Neutral Sentiment: Coverage comparing GE Vernova with NextEra Energy highlights their different businesses—power-generation and grid equipment versus regulated utilities and renewable development—but does not provide a clear near-term catalyst for GEV. GE Vernova vs. NextEra Energy
- Negative Sentiment: Investors are concerned that a Democratic Congress could mean less AI-related spending, weighing on companies tied to data-center growth. Barron’s also cautioned against rushing to buy after the sharp selloff, raising valuation and risk concerns. Cat and GE Vernova Got Slashed
- Negative Sentiment: Analyst outlooks have turned more cautious: Guggenheim lowered its expectations, and Argus issued a pessimistic price forecast despite its Buy rating. Guggenheim Lowers Expectations for GE Vernova Argus Issues Pessimistic Forecast for GE Vernova
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.
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