In today’s recent session, 0.56 million shares of the GE Vernova Inc (NYSE:GEV) were traded. Most recently the company’s share price was $370.74, and it changed around -$2.16 or -0.58% from the last close, which brings the market valuation of the company to $102.29B. GEV at last check was trading at a discount to its 52-week high of $447.50, offering almost -20.7% off that amount. The share price’s 52-week low was $115.00, which indicates that the recent value has risen by an impressive 68.98% since then. We note from GE Vernova Inc’s average daily trading volume that its 10-day average is 3.39 million shares, with the 3-month average coming to 3.36 million.
GE Vernova Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 30 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 7 recommended GEV as a Hold, whereas 14 deemed it a Buy, and 1 rated it as Underweight. GE Vernova Inc is expected to report earnings per share of 0.29 for the current quarter.
GE Vernova Inc (NYSE:GEV) trade information
Instantly GEV has been showing red trend so far today with a performance of -0.58% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 389.89 on recent trading dayincreased the stock’s daily price by 4.91%. The company’s shares are currently up 12.71% year-to-date, but still up 0.76% over the last five days. On the other hand, GE Vernova Inc (NYSE:GEV) is 1.07% up in the 30-day period. We can see from the shorts that 5.16 million shares have been sold at a short interest cover period of 1.77 day(s).
The consensus price target as assigned by Wall Street analysts is $300, which translates to bulls needing to decrease their stock price by -23.58% from its current value. Analyst projections state that GEV is forecast to be at a low of $165 and a high of $400.
GE Vernova Inc (GEV) estimates and forecasts
The year-over-year growth rate is expected to be 5.05%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 7.56B in revenue for the current quarter. 16 analysts expect GE Vernova Inc to make 8.76B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.26B and 8.2B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.14%. Forecasts for the next quarter put sales growth at 6.74%.
GE Vernova Inc earnings are expected to increase by 1094.33% in 2025, but the outlook is positive 199.66% per year for the next five years.
GEV Dividends
GE Vernova Inc’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 0.07 percent and its annual dividend per share was 0.25. It is important to note, however, that the 0.07% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
GE Vernova Inc (NYSE:GEV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.10% of GE Vernova Inc shares, and 80.16% of them are in the hands of institutional investors. The stock currently has a share float of 80.24%. GE Vernova Inc stock is held by 2045.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.8165% of the shares, which is about 26.9 million shares worth $4.61 billion.
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN, with 2.3362% or 6.4 million shares worth $1.1 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 8.72 shares worth $3.24 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 7.2 shares worth around $2.67 billion, which represents about 2.61% of the total shares outstanding.
