GE Vernova (NYSE:GEV) Stock Price Down 1.5% – Should You Sell?

GE Vernova Inc. (NYSE:GEV)’s stock price dropped 1.5% during trading on Tuesday . The company traded as low as $553.25 and last traded at $571.8470. Approximately 2,333,510 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 3,398,330 shares. The stock had previously closed at $580.49.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Redburn Partners set a $475.00 price objective on GE Vernova in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a research report on Wednesday, October 8th. Guggenheim downgraded GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Citigroup lowered their price objective on GE Vernova from $670.00 to $658.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Finally, HSBC upped their price objective on shares of GE Vernova from $570.00 to $580.00 and gave the company a “hold” rating in a report on Friday, September 5th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $607.81.

GE Vernova Stock Performance

The firm has a market capitalization of $155.15 billion, a P/E ratio of 93.13, a price-to-earnings-growth ratio of 4.13 and a beta of 1.69. The business has a 50 day simple moving average of $594.55 and a two-hundred day simple moving average of $565.87.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). The business had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.15 billion. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, October 20th were given a dividend of $0.25 per share. The ex-dividend date was Monday, October 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 16.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GEV. Caitong International Asset Management Co. Ltd bought a new position in shares of GE Vernova during the 1st quarter valued at $912,000. Pines Wealth Management LLC bought a new stake in GE Vernova in the second quarter worth $408,000. Resona Asset Management Co. Ltd. boosted its position in GE Vernova by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 86,021 shares of the company’s stock valued at $26,229,000 after buying an additional 6,551 shares during the period. Dupree Financial Group LLC purchased a new stake in GE Vernova during the second quarter valued at about $253,000. Finally, Lockheed Martin Investment Management Co. bought a new position in shares of GE Vernova during the first quarter valued at about $458,000.

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.