GE Vernova (NYSE:GEV) Shares Down 2.1% - Time to Sell?

Key Points

• GE Vernova shares fell 2.1% to about $888.94, trading below both their 50-day and 200-day moving averages.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,164.87; recent targets range as high as $1,398.
• The company exceeded revenue expectations in its latest quarter but missed earnings estimates, reporting $2.47 in EPS versus $3.17 expected. GE Vernova also declared a $0.50 quarterly dividend, yielding approximately 0.2%.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) were down 2.1% on Tuesday. The stock traded as low as $877.44 and last traded at $888.9350. Approximately 2,412,143 shares traded hands during trading, a decline of 9% from the average daily volume of 2,636,570 shares. The stock had previously closed at $908.44.

Analyst Ratings Changes

A number of research analysts recently issued reports on GEV shares. Evercore reaffirmed an "outperform" rating and set a $1,350.00 target price on shares of GE Vernova in a report on Thursday, October 1st. BMO Capital Markets reiterated an "outperform" rating and issued a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a research report on Friday, August 7th. Mizuho upped their price target on shares of GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a report on Friday, July 24th. President Capital raised their price objective on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Finally, Oppenheimer raised their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,164.87.

GE Vernova Stock Down 2.1%

The company has a market capitalization of $236.75 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 3.19 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $961.19 and a 200-day moving average price of $1,002.63.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 EPS. As a group, equities analysts anticipate that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova's dividend payout ratio (DPR) is presently 5.72%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GEV. Cornerstone National Bank & Trust Co acquired a new stake in shares of GE Vernova during the 3rd quarter worth approximately $162,000. Dagco Inc. raised its stake in shares of GE Vernova by 60.8% during the third quarter. Dagco Inc. now owns 328 shares of the company's stock worth $312,000 after buying an additional 124 shares during the last quarter. Cypress Capital LLC raised its stake in shares of GE Vernova by 7.3% during the third quarter. Cypress Capital LLC now owns 324 shares of the company's stock worth $308,000 after buying an additional 22 shares during the last quarter. Genesee Capital Advisors LLC raised its stake in shares of GE Vernova by 12.9% during the third quarter. Genesee Capital Advisors LLC now owns 596 shares of the company's stock worth $567,000 after buying an additional 68 shares during the last quarter. Finally, Commonwealth Financial Services LLC lifted its holdings in GE Vernova by 21.8% in the third quarter. Commonwealth Financial Services LLC now owns 363 shares of the company's stock valued at $345,000 after buying an additional 65 shares during the period.

GE Vernova Company Profile

GE Vernova Inc NYSE: GEV is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

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