GE Vernova (NYSE:GEV) Trading Down 1.1% – What’s Next?

Shares of GE Vernova Inc. (NYSE:GEV) traded down 1.1% on Monday . The stock traded as low as $597.03 and last traded at $600.36. 730,688 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 3,538,574 shares. The stock had previously closed at $607.07.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GEV shares. BMO Capital Markets boosted their target price on GE Vernova from $590.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Wells Fargo & Company boosted their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Guggenheim cut shares of GE Vernova from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Barclays boosted their price target on shares of GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Glj Research began coverage on shares of GE Vernova in a research report on Monday, June 23rd. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $560.21.

GE Vernova Trading Down 0.1%

The firm has a 50 day moving average of $576.57 and a two-hundred day moving average of $442.36. The stock has a market capitalization of $165.10 billion, a PE ratio of 146.16, a P/E/G ratio of 4.20 and a beta of 1.90.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Institutional Investors Weigh In On GE Vernova

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

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.