GE Vernova (NYSE:GEV) Trading Down 3.8% – Should You Sell?

GE Vernova Inc. (NYSE:GEV) shares were down 3.8% on Friday . The company traded as low as $1,038.50 and last traded at $1,048.7380. Approximately 2,438,906 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 2,725,506 shares. The stock had previously closed at $1,090.53.

Analyst Ratings Changes

GEV has been the topic of several analyst reports. Argus set a $1,300.00 price target on shares of GE Vernova in a research report on Monday, April 27th. China Renaissance raised shares of GE Vernova to a “strong-buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,328.00 price target on shares of GE Vernova in a research report on Friday, April 24th. Susquehanna set a $1,300.00 price target on shares of GE Vernova in a research report on Thursday, April 23rd. Finally, Barclays lifted their price target on shares of GE Vernova from $993.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,090.76.

GE Vernova Price Performance

The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average is $953.65 and its two-hundred day moving average is $772.68. The stock has a market cap of $281.82 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 3.98 and a beta of 1.51.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, research analysts predict that GE Vernova Inc. will post 14.84 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, March 17th. GE Vernova’s dividend payout ratio (DPR) is 5.83%.

Institutional Trading of GE Vernova

Several institutional investors have recently added to or reduced their stakes in GEV. J.W. Cole Advisors Inc. raised its holdings in shares of GE Vernova by 25.3% in the third quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock valued at $9,990,000 after buying an additional 3,278 shares during the last quarter. World Investment Advisors lifted its position in GE Vernova by 19.9% in the fourth quarter. World Investment Advisors now owns 13,497 shares of the company’s stock valued at $8,821,000 after purchasing an additional 2,241 shares during the period. Rakuten Investment Management Inc. acquired a new stake in GE Vernova in the third quarter valued at about $18,601,000. US Bancorp DE lifted its position in GE Vernova by 2.2% in the third quarter. US Bancorp DE now owns 100,542 shares of the company’s stock valued at $61,824,000 after purchasing an additional 2,163 shares during the period. Finally, Vanguard Group Inc. lifted its position in GE Vernova by 0.6% in the third quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock valued at $15,259,028,000 after purchasing an additional 150,892 shares during the period.

About GE Vernova

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.