GE Vernova (NYSE:GEV) Stock Price Down 2.8% - Should You Sell?

Key Points

• GE Vernova Inc. (NYSE:GEV) saw its stock price decline by 2.8%, closing at $607.70 after dropping from a previous close of $625.02.
• Multiple research firms have provided mixed ratings for GE Vernova, with Robert W. Baird raising its price target to $706.00 while Wall Street Zen downgraded the stock from "buy" to "hold."
• GE Vernova recently reported quarterly earnings of $1.86 per share, exceeding estimates, and declared a quarterly dividend of $0.25, reflecting a 0.2% dividend yield.

GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price traded down 2.8% on Tuesday . The stock traded as low as $604.07 and last traded at $607.70. 811,306 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 3,553,451 shares. The stock had previously closed at $625.02.

Wall Street Analyst Weigh In

Several research firms have weighed in on GEV. Robert W. Baird upped their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Morgan Stanley increased their price target on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. UBS Group started coverage on shares of GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 target price for the company. Finally, Bank of America boosted their price target on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $560.21.

GE Vernova Price Performance

The firm's 50 day moving average price is $566.43 and its 200-day moving average price is $435.65. The stock has a market cap of $162.70 billion, a P/E ratio of 144.06, a P/E/G ratio of 4.30 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The firm's quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Institutional Trading of GE Vernova

Institutional investors and hedge funds have recently bought and sold shares of the business. Sachetta LLC raised its position in GE Vernova by 10.7% during the second quarter. Sachetta LLC now owns 165 shares of the company's stock worth $87,000 after acquiring an additional 16 shares during the period. Good Life Advisors LLC lifted its position in GE Vernova by 1.0% in the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company's stock valued at $875,000 after buying an additional 16 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in shares of GE Vernova by 6.7% in the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company's stock valued at $135,000 after purchasing an additional 16 shares during the period. AMG National Trust Bank lifted its stake in GE Vernova by 1.5% in the second quarter. AMG National Trust Bank now owns 1,145 shares of the company's stock worth $606,000 after acquiring an additional 17 shares during the last quarter. Finally, Graney & King LLC lifted its stake in GE Vernova by 2.4% in the second quarter. Graney & King LLC now owns 722 shares of the company's stock worth $382,000 after acquiring an additional 17 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.