GE Vernova (NYSE:GEV) Price Target Cut to $387.00 by Analysts at Robert W. Baird

GE Vernova (NYSE:GEV - Free Report) had its price target decreased by Robert W. Baird from $448.00 to $387.00 in a report released on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. Marathon Capitl upgraded GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Jefferies Financial Group raised their price objective on shares of GE Vernova from $391.00 to $413.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Baird R W raised GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. Finally, Guggenheim upgraded shares of GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 target price on the stock in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $357.13.

GE Vernova Trading Down 1.6 %

Shares of GEV stock traded down $5.36 during trading hours on Tuesday, hitting $322.81. 2,859,246 shares of the company's stock were exchanged, compared to its average volume of 3,367,032. The company has a market capitalization of $88.24 billion and a PE ratio of 58.06. GE Vernova has a 12-month low of $132.11 and a 12-month high of $447.50. The business's 50 day simple moving average is $321.67 and its 200-day simple moving average is $329.61.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova's revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that GE Vernova will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. GE Vernova's payout ratio is 17.99%.

Institutional Investors Weigh In On GE Vernova

A number of large investors have recently modified their holdings of GEV. Cornerstone Wealth Management LLC lifted its position in GE Vernova by 12.4% in the first quarter. Cornerstone Wealth Management LLC now owns 2,523 shares of the company's stock valued at $770,000 after acquiring an additional 279 shares during the last quarter. Shepherd Financial Partners LLC purchased a new position in GE Vernova in the first quarter valued at about $316,000. Rakuten Securities Inc. raised its stake in shares of GE Vernova by 147.8% during the 1st quarter. Rakuten Securities Inc. now owns 726 shares of the company's stock worth $222,000 after buying an additional 433 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in GE Vernova by 98.5% in the 1st quarter. Insigneo Advisory Services LLC now owns 1,626 shares of the company's stock valued at $496,000 after buying an additional 807 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in shares of GE Vernova by 1.9% during the 1st quarter. Chicago Capital LLC now owns 5,197 shares of the company's stock worth $1,587,000 after purchasing an additional 96 shares during the last quarter.

About GE Vernova

GE 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.