GE Vernova (NYSE:GEV) Trading Up 3% - Should You Buy?

Key Points

• GE Vernova's stock price increased by 3% to $620.32, despite a significant decrease in trading volume compared to its average.
• Analysts have mixed opinions on GE Vernova, with price target adjustments ranging from a raise to $736.00 by Susquehanna to a reduction in rating by Guggenheim.
• The company recently declared a quarterly dividend of $0.25, reflecting an annualized dividend yield of 0.2% and a payout ratio of 24.10%.

GE Vernova Inc. (NYSE:GEV - Get Free Report)'s share price was up 3% during mid-day trading on Tuesday . The stock traded as high as $623.42 and last traded at $620.32. Approximately 758,125 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 3,530,894 shares. The stock had previously closed at $602.31.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GEV shares. Robert W. Baird raised their target price on shares of GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Wolfe Research lowered GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Susquehanna lifted their price target on GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $560.21.

GE Vernova Trading Up 2.7%

The stock has a 50 day moving average of $578.85 and a 200-day moving average of $443.92. The company has a market capitalization of $168.45 billion, a P/E ratio of 149.04, a P/E/G ratio of 4.20 and a beta of 1.90.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The firm's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio is presently 24.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in GE Vernova during the 2nd quarter valued at $1,809,220,000. GAMMA Investing LLC raised its holdings in GE Vernova by 32,984.2% during the 1st quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company's stock valued at $653,769,000 after buying an additional 2,135,066 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in GE Vernova by 273.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,508,317 shares of the company's stock valued at $798,126,000 after buying an additional 1,104,747 shares during the period. AQR Capital Management LLC increased its stake in GE Vernova by 252.9% in the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company's stock worth $366,016,000 after purchasing an additional 892,549 shares during the period. Finally, Amundi increased its stake in GE Vernova by 109.0% in the first quarter. Amundi now owns 1,665,980 shares of the company's stock worth $496,013,000 after purchasing an additional 868,927 shares during the period.

GE Vernova Company Profile

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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