GE Vernova (NYSE:GEV) Shares Down 3.2% - Time to Sell?

Key Points

• GE Vernova's stock (NYSE:GEV) dropped by 3.2% during trading, with a significant decline in trading volume, falling 79% from the average session.
• Analysts have a generally positive outlook, with reports showing four strong buy ratings, eighteen buy ratings, and a target price range from $560.21 to $697.00.
• The company reported better-than-expected quarterly earnings, with a revenue increase of 11.1% year-over-year, reaching $9.11 billion.

GE Vernova Inc. (NYSE:GEV - Get Free Report) traded down 3.2% during trading on Friday . The stock traded as low as $611.14 and last traded at $613.49. 751,000 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 3,507,736 shares. The stock had previously closed at $633.69.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GEV shares. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. UBS Group assumed coverage on shares of GE Vernova in a report on Monday, July 7th. They issued a "buy" rating and a $614.00 target price for the company. Wells Fargo & Company increased their target price on shares of GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Morgan Stanley increased their target price on shares of GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $560.21.

GE Vernova Price Performance

The company has a market capitalization of $167.48 billion, a P/E ratio of 148.24, a P/E/G ratio of 4.30 and a beta of 1.90. The business has a 50-day moving average of $587.17 and a 200-day moving average of $448.15.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly 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 company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the company earned $4.65 earnings per share. GE Vernova's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 24.10%.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GE Vernova

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of GE Vernova by 1.1% in the second quarter. Vanguard Group Inc. now owns 24,664,571 shares of the company's stock valued at $13,051,258,000 after buying an additional 271,958 shares in the last quarter. State Street Corp increased its position in shares of GE Vernova by 1.9% in the second quarter. State Street Corp now owns 11,097,778 shares of the company's stock valued at $5,872,389,000 after buying an additional 206,650 shares in the last quarter. Geode Capital Management LLC increased its position in shares of GE Vernova by 2.2% in the second quarter. Geode Capital Management LLC now owns 6,108,484 shares of the company's stock valued at $3,221,404,000 after buying an additional 129,315 shares in the last quarter. Norges Bank purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $1,809,220,000. Finally, Goldman Sachs Group Inc. increased its position in shares of GE Vernova by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock worth $955,513,000 after purchasing an additional 214,483 shares in 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.

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