GE Vernova (NYSE:GEV) Trading Down 2.3% - Should You Sell?

Key Points

• Shares fell 2.3% to $852.91 on Friday with volume about 15% below average; Wall Street's consensus rating is a Moderate Buy with an average price target of $854.52 and individual targets as high as $1,087.
• GE Vernova reported a blockbuster quarter — EPS $13.39 vs. $2.99 expected and revenue $10.96B vs. $10.21B — with a 46.91% ROE and a 12.83% net margin.
• The company declared a quarterly dividend of $0.50 (annualized $2.00, 0.2% yield) and attracted sizable institutional inflows, with several funds adding billions to their stakes.

GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price traded down 2.3% during trading on Friday . The company traded as low as $846.00 and last traded at $852.9050. 2,472,054 shares changed hands during trading, a decline of 15% from the average session volume of 2,892,458 shares. The stock had previously closed at $873.12.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GEV shares. Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday, January 31st. BMO Capital Markets restated an "outperform" rating and set a $785.00 price objective on shares of GE Vernova in a research note on Thursday, January 29th. Weiss Ratings raised shares of GE Vernova from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, February 5th. Glj Research boosted their target price on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a "buy" rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company increased their target price on shares of GE Vernova from $717.00 to $831.00 and gave the stock an "overweight" rating in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $854.52.

GE Vernova Trading Down 2.3%

The business has a 50-day moving average price of $799.51 and a two-hundred day moving average price of $680.16. The firm has a market capitalization of $229.88 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 3.65 and a beta of 1.45.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The business had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.21 billion. During the same quarter in the previous year, the firm posted $1.73 EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th. GE Vernova's dividend payout ratio is 11.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co raised its holdings in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock worth $2,278,224,000 after purchasing an additional 34,826,773 shares in the last quarter. Norges Bank bought a new position in GE Vernova during the 4th quarter valued at $2,283,114,000. Northwestern Mutual Wealth Management Co. increased its position in shares of GE Vernova by 5,171.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company's stock valued at $1,603,114,000 after purchasing an additional 2,406,326 shares during the period. Capital World Investors increased its position in shares of GE Vernova by 1,907.5% during the 3rd quarter. Capital World Investors now owns 2,156,197 shares of the company's stock valued at $1,325,842,000 after purchasing an additional 2,048,792 shares during the period. Finally, Corient Private Wealth LLC raised its stake in shares of GE Vernova by 2,802.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,608,714 shares of the company's stock worth $1,051,407,000 after buying an additional 1,553,295 shares in the last quarter.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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