GE Vernova (NYSE:GEV) Trading Down 3.5% - Time to Sell?

Key Points

• GE Vernova Inc. (NYSE:GEV) shares fell by 3.5%, trading at approximately $606.80 with a market cap of $165.19 billion.
• Analysts have given GE Vernova a consensus rating of Moderate Buy and several analysts have set varied price targets, with Melius Research at $740.00.
• Insider selling activity was noted, with CFO Kenneth Scott Parks selling 3,300 shares for $2,046,000, reducing his position by 30.30%.

GE Vernova Inc. (NYSE:GEV - Get Free Report) shares traded down 3.5% during trading on Thursday . The company traded as low as $593.38 and last traded at $606.80. 3,163,560 shares were traded during trading, a decline of 9% from the average session volume of 3,464,529 shares. The stock had previously closed at $628.97.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Melius Research set a $740.00 price target on GE Vernova and gave the company a "buy" rating in a report on Monday, September 15th. HSBC raised their price target on GE Vernova from $570.00 to $580.00 and gave the company a "hold" rating in a report on Friday, September 5th. Wolfe Research lowered GE Vernova from an "outperform" rating to a "peer perform" rating in a report on Friday, June 13th. Bank of America raised their price target on GE Vernova from $550.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, TD Cowen raised their price target on GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a report on Friday, July 25th. Four 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $592.35.

GE Vernova Trading Down 3.5%

The firm has a market cap of $165.19 billion, a price-to-earnings ratio of 146.22, a price-to-earnings-growth ratio of 4.62 and a beta of 1.87. The stock has a 50-day moving average of $621.67 and a two-hundred day moving average of $484.28.

GE Vernova (NYSE:GEV - Get Free Report) last released 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 return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the company posted $4.65 EPS. GE Vernova's revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On GE Vernova

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in GE Vernova by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 24,664,571 shares of the company's stock worth $13,051,258,000 after acquiring an additional 271,958 shares during the period. State Street Corp raised its stake in shares of GE Vernova by 1.9% during the 2nd quarter. State Street Corp now owns 11,097,778 shares of the company's stock worth $5,872,389,000 after purchasing an additional 206,650 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of GE Vernova by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,108,484 shares of the company's stock worth $3,221,404,000 after purchasing an additional 129,315 shares in the last quarter. Norges Bank purchased a new stake in shares of GE Vernova during the 2nd quarter worth about $1,809,220,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of GE Vernova by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock worth $955,513,000 after purchasing an additional 214,483 shares in the last quarter.

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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