GE Vernova (NYSE:GEV) Trading Down 3.1% - Time to Sell?

Key Points

• Shares fell 3.1% to $790 intraday (low $782.37) with ~2.66M shares traded, about 11% below the stock's average daily volume.
• Analysts are largely positive: consensus rating is Moderate Buy (22 Buy, 3 Hold, 1 Sell) with an average price target of $805.25.
• GE Vernova reported a big quarterly beat—EPS $13.39 vs. $2.99 expected and revenue $10.96B vs. $10.21B—and declared a $0.50 quarterly dividend (annualized yield ~0.3%).

GE Vernova Inc. (NYSE:GEV - Get Free Report) shares dropped 3.1% on Friday . The company traded as low as $782.37 and last traded at $790.00. Approximately 2,658,065 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 2,977,429 shares. The stock had previously closed at $815.01.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays restated an "overweight" rating and set a $849.00 target price on shares of GE Vernova in a research note on Monday, February 2nd. Wolfe Research raised GE Vernova from a "peer perform" rating to a "buy" rating in a report on Wednesday, December 10th. Susquehanna upped their price objective on GE Vernova from $800.00 to $820.00 and gave the stock a "positive" rating in a research note on Thursday, January 29th. Morgan Stanley reiterated an "overweight" rating and set a $817.00 target price on shares of GE Vernova in a research report on Monday, January 26th. Finally, UBS Group reissued a "buy" rating on shares of GE Vernova in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and an average price target of $805.25.

GE Vernova Stock Down 3.1%

The company has a market capitalization of $212.93 billion, a P/E ratio of 44.38, a price-to-earnings-growth ratio of 3.35 and a beta of 1.45. The business has a 50 day moving average of $740.55 and a 200 day moving average of $654.59.

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, topping analysts' consensus estimates of $2.99 by $10.40. The business had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. GE Vernova's dividend payout ratio is presently 11.24%.

Institutional Trading of GE Vernova

Large investors have recently made changes to their positions in the business. RFG Advisory LLC lifted its position in shares of GE Vernova by 2.1% during the fourth quarter. RFG Advisory LLC now owns 634 shares of the company's stock worth $414,000 after purchasing an additional 13 shares during the last quarter. BlackDiamond Wealth Management LLC increased its stake in GE Vernova by 2.8% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company's stock worth $308,000 after buying an additional 13 shares during the period. First Commonwealth Financial Corp PA lifted its holdings in GE Vernova by 3.5% during the 4th quarter. First Commonwealth Financial Corp PA now owns 380 shares of the company's stock valued at $248,000 after buying an additional 13 shares in the last quarter. Apriem Advisors lifted its holdings in GE Vernova by 0.7% during the 4th quarter. Apriem Advisors now owns 2,124 shares of the company's stock valued at $1,388,000 after buying an additional 14 shares in the last quarter. Finally, Voisard Asset Management Group Inc. boosted its position in GE Vernova by 2.7% in the 4th quarter. Voisard Asset Management Group Inc. now owns 575 shares of the company's stock valued at $376,000 after buying an additional 15 shares during the period.

About GE Vernova

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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