GE Vernova (NYSE:GEV) Trading Down 2.6% - Should You Sell?

Key Points

• GE Vernova Inc. (NYSE:GEV) experienced a 2.6% drop in stock price, trading at $587.28 after closing at $603.13, with a trading volume that decreased by 63% from average levels.
• Analysts have mixed ratings on GE Vernova, with a consensus rating of "Moderate Buy" and a target price averaging $560.21; however, Jefferies Financial Group revised their rating to "hold" while raising their price target to $517.
• The company reported earnings per share of $1.86 for the last quarter, exceeding estimates, alongside revenue growth of 11.1% year-over-year, with a market capitalization of $165.24 billion.

GE Vernova Inc. (NYSE:GEV - Get Free Report) was down 2.6% on Wednesday . The company traded as low as $581.23 and last traded at $587.28. Approximately 1,323,133 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 3,554,068 shares. The stock had previously closed at $603.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Glj Research assumed coverage on shares of GE Vernova in a research report on Monday, June 23rd. They set a "buy" rating for the company. Jefferies Financial Group cut shares of GE Vernova from a "buy" rating to a "hold" rating and upped their price target for the company from $427.00 to $517.00 in a report on Thursday, May 29th. Susquehanna upped their price target on shares of GE Vernova from $662.00 to $736.00 and gave the company a "positive" rating in a report on Thursday, July 24th. Guggenheim lowered shares of GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group upped their price target on shares of GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

GE Vernova Price Performance

The company has a market capitalization of $165.24 billion, a P/E ratio of 146.04, a price-to-earnings-growth ratio of 4.32 and a beta of 1.90. The company's 50-day moving average price is $569.18 and its two-hundred day moving average price is $436.80.

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. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The company's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm 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. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is 24.10%.

Institutional Investors Weigh In On GE Vernova

Large investors have recently bought and sold shares of the company. Navigoe LLC acquired a new stake in GE Vernova during the fourth quarter worth about $27,000. EQ Wealth Advisors LLC acquired a new stake in GE Vernova during the first quarter worth about $27,000. IMA Advisory Services Inc. acquired a new stake in GE Vernova during the first quarter worth about $27,000. Clarity Asset Management Inc. acquired a new stake in GE Vernova during the fourth quarter worth about $28,000. Finally, WFA Asset Management Corp bought a new position in shares of GE Vernova in the second quarter worth about $29,000.

About GE Vernova

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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