GE Vernova (NYSE:GEV) Stock Price Down 1.7% - Time to Sell?

Key Points

• GE Vernova Inc. (NYSE: GEV) saw its stock price decrease by 1.7%, trading last at $633.65 after reaching a low of $622.20.
• Multiple analysts have upgraded GE Vernova’s ratings, with price targets set between $614.00 and $740.00, indicating a strong consensus of "Moderate Buy" among analysts.
• The company reported $1.86 earnings per share for the last quarter, surpassing expectations and showing an 11.1% revenue increase year-over-year.

GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price was down 1.7% during trading on Tuesday . The company traded as low as $622.20 and last traded at $633.65. Approximately 2,381,628 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 3,476,817 shares. The stock had previously closed at $644.37.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GEV shares. Robert W. Baird raised their price target on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reissued an "outperform" rating on shares of GE Vernova in a report on Thursday, July 24th. BMO Capital Markets lifted their target price on GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Melius upgraded GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target on the stock in a research report on Monday, September 15th. Finally, UBS Group initiated coverage on GE Vernova in a report on Monday, July 7th. They issued a "buy" rating and a $614.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $592.35.

GE Vernova Trading Down 1.7%

The stock has a market capitalization of $172.49 billion, a P/E ratio of 152.69, a P/E/G ratio of 4.55 and a beta of 1.88. The company's 50-day moving average is $618.88 and its two-hundred day moving average is $482.23.

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

Insider Buying and Selling

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer owned 7,590 shares of the company's stock, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. EQ Wealth Advisors LLC bought a new stake in shares of GE Vernova in the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the first quarter valued at approximately $27,000. WFA Asset Management Corp acquired a new stake in GE Vernova during the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock valued at $30,000 after purchasing an additional 53 shares during the last quarter. Finally, 1248 Management LLC acquired a new stake in GE Vernova during the first quarter valued at approximately $31,000.

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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