GE Vernova (NYSE:GEV) Shares Down 4.1% – What’s Next?

GE Vernova Inc. (NYSE:GEV)’s stock price dropped 4.1% on Tuesday. The stock traded as low as $747.00 and last traded at $795.38. Approximately 6,210,359 shares were traded during trading, an increase of 123% from the average session volume of 2,783,138 shares. The stock had previously closed at $829.34.

More GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova plans to invest $34.5 million to expand its Shreveport facility, aiming to meet growing demand for grid infrastructure. Article: GE Vernova facility expansion
• Positive Sentiment: A German customer ordered three 5.5-MW wind turbines, along with a 20-year service agreement—adding equipment sales and potential long-term service revenue. Article: German wind turbine order
• Positive Sentiment: The company’s reported record $197 billion backlog and higher 2026 revenue guidance provide a counterpoint to worries about data-center demand. Article: AI power sell-off and company updates
• Negative Sentiment: Shares are declining after SoftBank revised plans for U.S. data-center projects, raising concern about the timing or scale of electricity demand that could support power-equipment orders. The development also weighed on the broader AI-power trade. Article: SoftBank revises data-center plans
• Negative Sentiment: GLJ Research reaffirmed its “sell” rating and set a $540 price target, signaling substantial downside in its view. Article: GLJ Research rating

Analyst Ratings Changes

GEV has been the topic of several recent research reports. Royal Bank Of Canada lifted their target price on shares of GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Jefferies Financial Group restated a “buy” rating and issued a $1,100.00 price target on shares of GE Vernova in a research report on Thursday, October 29th. Citigroup dropped their price target on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. TD Cowen lowered their target price on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Finally, Argus lowered their target price on GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating for the company in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,144.20.

GE Vernova Stock Performance

The stock’s 50 day moving average price is $921.67 and its 200 day moving average price is $945.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The company has a market capitalization of $210.52 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. GE Vernova’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. As a group, equities analysts expect that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.3%. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently added to or reduced their stakes in the business. Parvin Asset Management LLC acquired a new stake in GE Vernova in the second quarter worth $32,000. Pingora Partners LLC acquired a new position in shares of GE Vernova during the second quarter valued at about $36,000. Manning & Napier Advisors LLC boosted its position in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares in the last quarter. IMG Wealth Management Inc. bought a new position in shares of GE Vernova during the 2nd quarter worth about $39,000. Finally, Miller Global Investments LLC grew its stake in shares of GE Vernova by 63.6% in the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after buying an additional 14 shares during the period.

GE Vernova Company Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century. The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.