Bernstein Reiterates Buy Rating for GE Vernova
Bernstein reaffirms its buy rating on GE Vernova with a $1,206 price target.
Key Points
- Bernstein reiterated its buy rating for GE Vernova, setting a price target of $1,206 as of June 17, 2026.
- GE Vernova's stock trades at approximately $979.07, with a market cap of $264 billion and a P/E ratio of 28.73.
- Insider activities include sales by CEO Victor Abate and buys by several other executives in May 2026.
Bernstein reiterated its buy rating on GE Vernova Inc. (NYSE:GEV) on June 17, 2026, maintaining a price target of $1,206. Shares of GE Vernova are currently trading around $979.07.
Other Institutional Activity in GE Vernova
BlackRock, Inc. reduced its stake by 157,874 shares, holding 20,726,610 shares valued at about $18.1 billion. FMR LLC also cut its position significantly by 3,154,981 shares, now holding 18,336,935 shares worth $16 billion. In contrast, Vanguard Capital Management LLC acquired 17,516,600 shares, marking a new position valued at approximately $15.3 billion. State Street Corp trimmed its holdings slightly by 75,172 shares, ending with 11,394,498 shares valued at nearly $10 billion. Meanwhile, JPMorgan Chase & Co increased its stake by 408,532 shares, holding a total of 6,752,963 shares worth $5.5 billion.
GE Vernova Stock Snapshot
Shares of GE Vernova (NYSE:GEV) are trading near $979.07. The company boasts a market cap of approximately $264 billion and a P/E ratio of 28.73. Its forward P/E is 40.08, and it has a beta of 1.045, indicating moderate volatility. The stock has seen a 52-week low of $479.04 and a high of $1,181.95. Its 50-day moving average is $1,016.08, while the 200-day moving average is $767.81.
Recent Earnings
GE Vernova reported revenue of $39.37 billion, reflecting a growth of 16.3%. The company posted an EPS of $34.19, with a net margin of 23.81% and a return on equity of 75.71%. The next earnings release is scheduled for July 22, 2026.
Dividend
GE Vernova pays an annual dividend rate of $2.00, yielding 0.2%, with a payout ratio of 5.11%.
Insider Buying and Selling at GE Vernova Inc.
On June 1, 2026, Victor Abate, CEO of the Wind segment, sold 4,819 shares at an average price of $948.08. Additionally, between May 20 and May 21, 2026, several insiders, including Paula Rosput Reynolds, Nicholas Akins, Martina Hund-Mejean, Kim K.W. Rucker, and Arnold Donald, each acquired 173 shares.
Analysts Set New Price Targets
On June 17, 2026, Bernstein reiterated its buy rating for GE Vernova with a price target of $1,206. Earlier, Jefferies maintained a buy rating with a $1,210 target on June 11, 2026. The consensus among 33 analysts is a buy, with a mean price target of $1,211.89.
About GE Vernova
GE Vernova Inc., headquartered in Cambridge, Massachusetts, operates in the industrials sector, specifically in specialty industrial machinery. The company, led by CEO Scott L. Strazik, provides energy solutions across various regions, including the U.S., Europe, Asia, the Middle East, and Africa. Its operations are divided into Power, Wind, and Electrification segments, offering technologies for gas, nuclear, hydro, wind, and solar energy, among others. GE Vernova employs about 78,000 people.
Bottom Line
Bernstein's reaffirmation of its buy rating on GE Vernova highlights continued confidence in the company's prospects. Investors track such analyst ratings closely, as they can influence stock performance. It's important to note that analyst ratings are based on past data and expectations, and actual results may vary.
See Also
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