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

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

Wall Street Analyst Weigh In

GEV has been the topic of a number of analyst reports. Zacks Research cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. TD Cowen raised their target price on GE Vernova from $780.00 to $1,220.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Evercore raised their target price on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on GE Vernova from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Finally, Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $1,090.76.

GE Vernova Trading Down 3.8%

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 has a market capitalization of $281.82 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 3.98 and a beta of 1.51. The company has a fifty day moving average of $953.65 and a 200-day moving average of $772.68.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the previous year, the firm posted $0.91 EPS. GE Vernova’s revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed 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 payout ratio is presently 5.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Weiss Asset Management LP purchased a new position in GE Vernova in the 1st quarter worth approximately $6,536,000. Absolute Gestao de Investimentos Ltda. purchased a new position in GE Vernova in the 1st quarter worth approximately $214,000. OMERS ADMINISTRATION Corp lifted its stake in GE Vernova by 94.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 19,507 shares of the company’s stock worth $17,028,000 after purchasing an additional 9,495 shares in the last quarter. Lombard Odier Asset Management Switzerland SA lifted its stake in GE Vernova by 11.0% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 11,747 shares of the company’s stock worth $10,254,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Vawter Financial Ltd. purchased a new position in GE Vernova in the 1st quarter worth approximately $240,000.

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.