GE Vernova (NYSE:GEV) Trading 3.1% Higher - Should You Buy?

Key Points

• GE Vernova Inc. shares traded up 3.1%, reaching a high of $648.50, with a current last trade at $643.67, despite a decline in trading volume by 28% from the average.
• Analysts have varying ratings on GE Vernova, with four giving it a Strong Buy rating, while the overall consensus is a Moderate Buy with a price target of $592.35.
• In its last quarterly earnings report, GE Vernova exceeded expectations with a revenue of $9.11 billion and an EPS of $1.86, indicating an 11.1% increase in revenue year over year.

GE Vernova Inc. (NYSE:GEV - Get Free Report) traded up 3.1% during mid-day trading on Monday . The company traded as high as $648.50 and last traded at $643.67. 2,508,416 shares traded hands during trading, a decline of 28% from the average session volume of 3,482,891 shares. The stock had previously closed at $624.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. HSBC lifted their price target on GE Vernova from $570.00 to $580.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Mizuho downgraded GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 target price for the company. in a research note on Monday, July 28th. TD Cowen lifted their target price on GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, UBS Group began coverage on GE Vernova in a research note on Monday, July 7th. They issued a "buy" rating and a $614.00 target price for the company. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $592.35.

GE Vernova Trading Up 3.1%

The firm has a market capitalization of $175.22 billion, a P/E ratio of 155.10, a P/E/G ratio of 4.55 and a beta of 1.87. The business's fifty day moving average is $617.11 and its 200 day moving average is $479.75.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $4.65 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On GE Vernova

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in GE Vernova during the 1st quarter worth approximately $912,000. Pines Wealth Management LLC purchased a new position in shares of GE Vernova during the 2nd quarter valued at $408,000. Resona Asset Management Co. Ltd. grew its holdings in shares of GE Vernova by 8.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company's stock valued at $26,229,000 after acquiring an additional 6,551 shares in the last quarter. Lockheed Martin Investment Management Co. purchased a new position in shares of GE Vernova during the 1st quarter valued at $458,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of GE Vernova by 201.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,222 shares of the company's stock valued at $373,000 after acquiring an additional 817 shares in 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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