GE Vernova (NYSE:GEV) Trading Down 1.8% – Time to Sell?

GE Vernova Inc. (NYSE:GEV) shares traded down 1.8% during mid-day trading on Friday . The stock traded as low as $795.11 and last traded at $801.76. 2,017,745 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 3,288,477 shares. The stock had previously closed at $816.56.

Analyst Upgrades and Downgrades

Several analysts have commented on GEV shares. Glj Research increased their target price on GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of GE Vernova in a report on Wednesday, December 10th. Robert W. Baird set a $923.00 price target on shares of GE Vernova and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. UBS Group restated a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $788.24.

GE Vernova Stock Down 1.8%

The business’s fifty day moving average is $689.84 and its 200-day moving average is $635.51. The company has a market cap of $216.10 billion, a PE ratio of 45.04, a P/E/G ratio of 3.19 and a beta of 1.67.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The business had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 earnings per share. Analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 5th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is an increase from GE Vernova’s previous quarterly dividend of $0.25. GE Vernova’s payout ratio is 11.24%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. lifted its holdings in GE Vernova by 344.4% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of GE Vernova in the third quarter worth $25,000. Torren Management LLC bought a new stake in shares of GE Vernova during the 4th quarter valued at $26,000. ORG Wealth Partners LLC lifted its stake in shares of GE Vernova by 241.7% during the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after buying an additional 29 shares in the last quarter. Finally, Navalign LLC bought a new position in GE Vernova in the 4th quarter worth $27,000.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.