GE Vernova (NYSE:GEV) Trading Down 5.5% – Should You Sell?

GE Vernova Inc. (NYSE:GEV)’s share price was down 5.5% during mid-day trading on Friday . The stock traded as low as $338.87 and last traded at $339.88. Approximately 1,458,915 shares changed hands during trading, a decline of 59% from the average daily volume of 3,553,197 shares. The stock had previously closed at $359.68.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Marathon Capitl raised shares of GE Vernova to a “strong-buy” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of GE Vernova from $348.00 to $391.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $453.00 target price on shares of GE Vernova in a report on Tuesday, January 28th. Robert W. Baird initiated coverage on shares of GE Vernova in a report on Thursday, February 13th. They issued an “outperform” rating and a $448.00 target price on the stock. Finally, Bank of America boosted their price target on shares of GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $350.13.

GE Vernova Price Performance

The company’s 50-day moving average is $364.50 and its two-hundred day moving average is $298.16. The firm has a market cap of $90.90 billion and a P/E ratio of 59.22.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. GE Vernova’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.30%. GE Vernova’s dividend payout ratio (DPR) is currently 17.99%.

GE Vernova declared that its board has approved a share repurchase program on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GEV. Howard Capital Management Group LLC bought a new position in GE Vernova in the 3rd quarter valued at approximately $213,000. Whittier Trust Co. raised its holdings in GE Vernova by 1.9% in the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after buying an additional 40 shares during the last quarter. Signaturefd LLC raised its holdings in GE Vernova by 4.8% in the 3rd quarter. Signaturefd LLC now owns 4,840 shares of the company’s stock valued at $1,234,000 after buying an additional 222 shares during the last quarter. Eastern Bank bought a new position in GE Vernova in the 3rd quarter valued at approximately $612,000. Finally, Private Advisor Group LLC raised its holdings in GE Vernova by 8.2% in the 3rd quarter. Private Advisor Group LLC now owns 20,098 shares of the company’s stock valued at $5,125,000 after buying an additional 1,531 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.