GE Vernova (NYSE:GEV) Stock Rating Raised to Buy at HSBC

HSBC upgraded shares of GE Vernova (NYSE:GEV) from a hold rating to a buy rating in a report issued on Friday, Marketbeat Ratings reports. They currently have $1,100.00 price objective on the stock, up from their previous price objective of $1,040.00.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of GE Vernova in a research note on Thursday. TD Cowen lowered their target price on shares of GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a research report on Thursday. Evercore reissued an “outperform” rating and set a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. BMO Capital Markets restated an “outperform” rating and set a $1,200.00 target price on shares of GE Vernova in a report on Thursday. Finally, Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $1,152.53.

GE Vernova Price Performance

Shares of GEV opened at $854.58 on Friday. The firm has a market cap of $226.19 billion, a PE ratio of 22.42, a PEG ratio of 3.03 and a beta of 1.14. The firm’s 50 day moving average price is $934.85 and its 200 day moving average price is $940.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. GE Vernova has a twelve month low of $530.16 and a twelve month high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, research analysts expect that GE Vernova will post 15.26 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GEV. Manning & Napier Advisors LLC grew its holdings in GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after purchasing an additional 13 shares during the period. Parvin Asset Management LLC bought a new stake in GE Vernova in the second quarter valued at approximately $32,000. Strategic Wealth Advisors LLC acquired a new stake in GE Vernova in the second quarter worth $35,000. Pingora Partners LLC acquired a new stake in GE Vernova in the second quarter worth $36,000. Finally, IMG Wealth Management Inc. acquired a new stake in GE Vernova in the second quarter worth $39,000.

Trending Headlines about GE Vernova

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.