GE Vernova (NYSE:GEV) Trading Down 1.1% - What's Next?

Key Points

• GE Vernova's stock price dropped by 1.1% on Monday, trading at approximately $600.36, with a significant decrease in trading volume of 79% from its average.
• The company reported earnings of $1.86 per share for the last quarter, beating expectations and showing an increase in revenue of 11.1% year-over-year.
• Several analysts have updated their ratings for GE Vernova, with recommendations ranging from "strong-buy" to "neutral," and the consensus rating is classified as a "Moderate Buy."

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) dropped 1.1% on Monday . The company traded as low as $597.03 and last traded at $600.36. Approximately 730,688 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 3,538,574 shares. The stock had previously closed at $607.07.

Analyst Ratings Changes

A number of research firms have issued reports on GEV. Robert W. Baird increased their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Seaport Res Ptn raised GE Vernova to a "strong-buy" rating in a research report on Thursday, July 10th. Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Wells Fargo & Company upped their price target on GE Vernova from $474.00 to $697.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Citigroup increased 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. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and a consensus price target of $560.21.

GE Vernova Trading Down 0.1%

The firm's fifty day moving average price is $576.57 and its 200-day moving average price is $442.36. The firm has a market cap of $165.10 billion, a price-to-earnings ratio of 146.16, a PEG ratio of 4.20 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates 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. 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. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

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

Institutional Investors Weigh In On GE Vernova

Several large investors have recently modified their holdings of GEV. Fulcrum Equity Management increased its holdings in shares of GE Vernova by 10.1% in the 2nd quarter. Fulcrum Equity Management now owns 941 shares of the company's stock valued at $498,000 after acquiring an additional 86 shares during the period. Clarion Wealth Managment Partners LLC purchased a new position in GE Vernova during the 2nd quarter worth $399,000. B. Riley Wealth Advisors Inc. purchased a new position in GE Vernova during the 2nd quarter worth $1,497,000. Marex Group plc acquired a new position in GE Vernova in the second quarter valued at $652,000. Finally, Advisory Services Network LLC raised its holdings in shares of GE Vernova by 23.5% in the second quarter. Advisory Services Network LLC now owns 30,579 shares of the company's stock valued at $16,181,000 after buying an additional 5,813 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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