GE Vernova (NYSE:GEV) Stock Price Down 0.1% – Should You Sell?

GE Vernova Inc. (NYSE:GEV) dropped 0.1% during mid-day trading on Friday . The stock traded as low as $292.39 and last traded at $296.77. Approximately 632,746 shares changed hands during trading, a decline of 82% from the average daily volume of 3,583,822 shares. The stock had previously closed at $297.00.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent research reports. Redburn Atlantic began coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 target price for the company. Jefferies Financial Group upped their price target on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. William Blair began coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their price target on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Down 0.0 %

The company’s fifty day moving average price is $230.78 and its 200-day moving average price is $187.97.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. On average, research analysts expect that GE Vernova Inc. will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Castleview Partners LLC purchased a new position in GE Vernova during the 3rd quarter valued at about $28,000. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $26,000.

About GE Vernova

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.