GE Vernova (NYSE:GEV) Shares Down 1.3% - Should You Sell?

Key Points

• GE Vernova Inc. (NYSE: GEV) shares decreased by 1.3% during mid-day trading, with a current price around $606.97, showing a notable drop in trading volume compared to the average.
• Analysts have given mixed ratings on GE Vernova, with price targets ranging from $620.00 to $715.00, reflecting varied investor sentiment.
• GE Vernova has declared a quarterly dividend of $0.25 per share, with a dividend yield of 0.2% and a payout ratio of 24.10% as of the latest announcement.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) dropped 1.3% during mid-day trading on Wednesday . The stock traded as low as $595.00 and last traded at $606.97. Approximately 2,420,785 shares traded hands during trading, a decline of 30% from the average daily volume of 3,434,592 shares. The stock had previously closed at $614.90.

Analyst Upgrades and Downgrades

GEV has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Mizuho cut GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target on the stock. in a research report on Monday, July 28th. Citigroup lifted their price target on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $598.50.

GE Vernova Trading Down 1.3%

The firm has a market capitalization of $165.23 billion, a price-to-earnings ratio of 146.26, a PEG ratio of 4.39 and a beta of 1.87. The stock has a fifty day moving average of $625.00 and a 200-day moving average of $494.32.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the firm posted $4.65 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's payout ratio is currently 24.10%.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in GE Vernova during the second quarter valued at $1,809,220,000. Arrowstreet Capital Limited Partnership boosted its position in GE Vernova by 273.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,508,317 shares of the company's stock valued at $798,126,000 after purchasing an additional 1,104,747 shares during the last quarter. AQR Capital Management LLC boosted its position in GE Vernova by 252.9% during the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock valued at $366,016,000 after purchasing an additional 892,549 shares during the last quarter. Amundi boosted its position in GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company's stock valued at $496,013,000 after purchasing an additional 868,927 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in GE Vernova by 10,044.9% during the second quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company's stock valued at $445,773,000 after purchasing an additional 834,129 shares during the last quarter.

GE Vernova Company Profile

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.

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