GE Vernova Inc. (NYSE:GEV - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirty-two brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $369.22.
A number of research firms recently weighed in on GEV. TD Cowen lowered their target price on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a research note on Friday, January 31st. Citigroup reduced their target price on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Finally, Johnson Rice began coverage on shares of GE Vernova in a report on Friday, February 7th. They set a "buy" rating and a $425.00 price target on the stock.
View Our Latest Analysis on GE Vernova
Institutional Trading of GE Vernova
Several large investors have recently modified their holdings of GEV. Register Financial Advisors LLC bought a new stake in shares of GE Vernova in the 4th quarter worth approximately $206,000. GPS Wealth Strategies Group LLC raised its holdings in GE Vernova by 1,126.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 895 shares of the company's stock worth $294,000 after purchasing an additional 822 shares in the last quarter. Yarbrough Capital LLC boosted its stake in shares of GE Vernova by 67.2% during the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company's stock valued at $949,000 after purchasing an additional 1,160 shares in the last quarter. Legacy Bridge LLC increased its position in shares of GE Vernova by 77.0% during the fourth quarter. Legacy Bridge LLC now owns 10,982 shares of the company's stock valued at $3,612,000 after buying an additional 4,776 shares during the period. Finally, CENTRAL TRUST Co raised its stake in GE Vernova by 16.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,872 shares of the company's stock worth $3,247,000 after buying an additional 1,408 shares in the last quarter.
GE Vernova Stock Performance
Shares of NYSE GEV traded up $0.88 during trading on Friday, hitting $370.94. 2,303,061 shares of the company traded hands, compared to its average volume of 3,350,397. GE Vernova has a fifty-two week low of $149.42 and a fifty-two week high of $447.50. The firm has a market capitalization of $101.24 billion and a price-to-earnings ratio of 66.72. The business's fifty day moving average is $318.79 and its 200 day moving average is $334.09.
GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the company posted ($0.47) earnings per share. The company's quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that GE Vernova will post 6.59 EPS for the current year.
GE Vernova Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is 14.41%.
About GE Vernova
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Get Free ReportGE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.
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