GE Vernova (NYSE:GEV) Shares Down 4.1% – Here’s Why

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

Key Stories Impacting GE Vernova

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

Several analysts recently issued reports on GEV shares. Evercore reissued an “outperform” rating and issued a $1,350.00 price target on shares of GE Vernova in a research report on Thursday, October 1st. Guggenheim reduced their price objective on shares of GE Vernova from $1,450.00 to $1,400.00 and set a “buy” rating for the company in a report on Monday, November 2nd. President Capital raised their price target on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. TD Cowen cut their price target on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Mizuho boosted their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,144.20.

GE Vernova Stock Performance

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

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

GE Vernova Announces Dividend

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

Institutional Investors Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GEV. B. Metzler seel. Sohn & Co. AG raised its position in shares of GE Vernova by 37.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock worth $27,116,000 after acquiring an additional 6,313 shares in the last quarter. BG Investment Services LLC purchased a new position in GE Vernova during the 3rd quarter worth approximately $3,348,000. Citizens Financial Group Inc. RI acquired a new position in GE Vernova during the second quarter valued at $8,337,000. Sapient Capital LLC grew its holdings in GE Vernova by 31.4% during the second quarter. Sapient Capital LLC now owns 76,038 shares of the company’s stock worth $89,372,000 after acquiring an additional 18,188 shares during the period. Finally, Processus Wealth & Capital Management LLC purchased a new stake in GE Vernova during the second quarter worth $2,699,000.

About GE Vernova

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.