GE Vernova (NYSE:GEV) Rating Lowered to “Strong Sell” at Rothschild Redb

GE Vernova (NYSE:GEV) was downgraded by Rothschild Redb from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a research report on Monday, September 15th. TD Cowen boosted their target price on shares of GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Jefferies Financial Group upped their price target on shares of GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Susquehanna increased their price target on GE Vernova from $736.00 to $740.00 and gave the company a “positive” rating in a research note on Monday. Finally, Seaport Res Ptn raised GE Vernova to a “strong-buy” rating in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $592.61.

GE Vernova Stock Down 2.3%

Shares of GEV stock opened at $601.91 on Wednesday. GE Vernova has a twelve month low of $252.25 and a twelve month high of $677.29. The company has a market cap of $163.85 billion, a P/E ratio of 145.04, a P/E/G ratio of 4.46 and a beta of 1.72. The business has a fifty day simple moving average of $617.40 and a 200 day simple moving average of $517.31.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the transaction, the chief financial officer directly owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds have recently made changes to their positions in GEV. Lincoln Capital Corp bought a new stake in GE Vernova in the third quarter valued at approximately $227,000. Bill Few Associates Inc. raised its holdings in GE Vernova by 40.7% during the 3rd quarter. Bill Few Associates Inc. now owns 719 shares of the company’s stock worth $442,000 after purchasing an additional 208 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. lifted its position in shares of GE Vernova by 2.8% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,950 shares of the company’s stock worth $3,044,000 after purchasing an additional 135 shares during the period. Lowe Wealth Advisors LLC lifted its position in shares of GE Vernova by 41.8% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 129 shares of the company’s stock worth $79,000 after purchasing an additional 38 shares during the period. Finally, HBW Advisory Services LLC boosted its stake in shares of GE Vernova by 204.4% in the 3rd quarter. HBW Advisory Services LLC now owns 2,761 shares of the company’s stock valued at $1,698,000 after purchasing an additional 1,854 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.