GE Vernova’s (GEV) “Outperform” Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein restated their outperform rating on shares of GE Vernova (NYSE:GEV) in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a $1,298.00 target price on the stock.

A number of other research firms have also recently weighed in on GEV. Susquehanna lowered their price objective on GE Vernova from $1,300.00 to $1,270.00 and set a “positive” rating on the stock in a research report on Wednesday, October 14th. Oppenheimer increased their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Mizuho increased their target price on shares of GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Citigroup decreased their target price on shares of GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of GE Vernova from $1,330.00 to $1,150.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $1,152.53.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $854.58 on Wednesday. The stock has a market cap of $226.19 billion, a P/E ratio of 39.20, a P/E/G ratio of 3.03 and a beta of 1.14. 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 stock’s fifty day moving average is $934.85 and its 200 day moving average is $940.34. GE Vernova has a one year low of $530.16 and a one year high of $1,195.94.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. GE Vernova’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. Sell-side analysts anticipate that GE Vernova will post 15.26 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is 5.25%.

Institutional Trading of GE Vernova

Several institutional investors have recently made changes to their positions in the business. Smallwood Wealth Investment Management LLC lifted its position in GE Vernova by 10.1% during the third quarter. Smallwood Wealth Investment Management LLC now owns 197 shares of the company’s stock worth $187,000 after buying an additional 18 shares during the period. Basso Capital Management L.P. grew its holdings in GE Vernova by 94.6% in the 3rd quarter. Basso Capital Management L.P. now owns 360 shares of the company’s stock valued at $342,000 after buying an additional 175 shares during the period. Richardson Financial Services Inc. increased its stake in shares of GE Vernova by 9.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 293 shares of the company’s stock valued at $278,000 after acquiring an additional 25 shares during the last quarter. Ascent Group LLC increased its stake in shares of GE Vernova by 2.6% during the 3rd quarter. Ascent Group LLC now owns 10,569 shares of the company’s stock valued at $10,046,000 after acquiring an additional 264 shares during the last quarter. Finally, Caldwell Trust Co increased its stake in shares of GE Vernova by 17.0% during the 3rd quarter. Caldwell Trust Co now owns 1,638 shares of the company’s stock valued at $1,557,000 after acquiring an additional 238 shares during the last quarter.

Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

About GE Vernova

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.