GE Vernova (NYSE:GEV) Trading Down 4.9% - Should You Sell?

Key Points

• GE Vernova Inc. (NYSE:GEV) shares dropped 4.9% to $569.35, with trading volume significantly lower at 1,305,018 shares, compared to an average of 3,513,078 shares.
• Analyst ratings for GEV show a mixed outlook, with price targets ranging from $550 to $715, and an average rating of "Moderate Buy" based on equity research assessments.
• The company recently reported $1.86 EPS for the quarter, exceeding estimates, along with an annualized dividend yield of 0.2% following a $0.25 quarterly dividend announcement.

GE Vernova Inc. (NYSE:GEV - Get Free Report)'s share price was down 4.9% on Friday . The company traded as low as $565.50 and last traded at $569.35. Approximately 1,305,018 shares were traded during trading, a decline of 63% from the average daily volume of 3,513,078 shares. The stock had previously closed at $598.81.

Analyst Ratings Changes

A number of analysts have weighed in on GEV shares. JPMorgan Chase & Co. increased their price target on GE Vernova from $620.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Bank of America increased their price target on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Robert W. Baird increased their price target on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $573.75.

GE Vernova Stock Down 2.8%

The company has a market capitalization of $158.41 billion, a PE ratio of 140.22, a PEG ratio of 3.99 and a beta of 1.87. The company has a 50-day moving average price of $596.72 and a two-hundred day moving average price of $455.99.

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, topping the consensus estimate of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were issued a $0.25 dividend. The ex-dividend date of this dividend 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 presently 24.10%.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in GE Vernova by 1.1% during the second quarter. Vanguard Group Inc. now owns 24,664,571 shares of the company's stock valued at $13,051,258,000 after buying an additional 271,958 shares during the period. State Street Corp increased its position in shares of GE Vernova by 1.9% during the second quarter. State Street Corp now owns 11,097,778 shares of the company's stock valued at $5,872,389,000 after acquiring an additional 206,650 shares in the last quarter. Geode Capital Management LLC grew its position in GE Vernova by 2.2% in 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 during the period. Norges Bank bought a new stake in GE Vernova in the 2nd quarter worth approximately $1,809,220,000. Finally, Goldman Sachs Group Inc. grew its position in GE Vernova by 7.4% in 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 during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.