During the recent session, GE Vernova Inc (NYSE:GEV)’s traded shares were 0.69 million, with the beta value of the company hitting 1.38. At the last check today, the stock’s price was $302.40, reflecting an intraday loss of -0.20% or -$0.6. The 52-week high for the GEV share is $447.50, that puts it down -47.98 from that peak though still a striking 60.65% gain since the share price plummeted to a 52-week low of $119.00. The company’s market capitalization is $83.43B, and the average intraday trading volume over the past 10 days was 3.49 million shares, and the average trade volume was 4.05 million shares over the past three months.
GE Vernova Inc (GEV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.59. GEV has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.32.
GE Vernova Inc (NYSE:GEV) trade information
GE Vernova Inc (GEV) registered a -0.20% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.20% in intraday trading to $302.40, hitting a weekly high. The stock’s 5-day price performance is -9.43%, and it has moved by -7.32% in 30 days. The short interest in GE Vernova Inc (NYSE:GEV) is 4.88 million shares and it means that shorts have 0.99 day(s) to cover.
The consensus price target of analysts on Wall Street is $352.5, which implies an increase of 14.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $165 and $445 respectively. As a result, GEV is trading at a discount of -47.16% off the target high and 45.44% off the low.
GE Vernova Inc (GEV) estimates and forecasts
In the rating firms’ projections, revenue will increase 5.13% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.54B as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 8.68B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.26B and 8.2B respectively. In this case, analysts expect current quarter sales to grow by 3.82% and then jump by 5.83% in the coming quarter.
GEV Dividends
GE Vernova Inc is due to release its next quarterly earnings on 2025-Jan-21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for GE Vernova Inc is 0.25, with the dividend yield indicating at 0.08 percent, continuing the trend of increasing dividends in recent years.
GE Vernova Inc (NYSE:GEV)’s Major holders
GE Vernova Inc insiders own 0.12% of total outstanding shares while institutional holders control 79.61%, with the float percentage being 79.71%. VANGUARD GROUP INC is the largest shareholder of the company, while 2325.0 institutions own stock in it. As of 2024-06-30, the company held over 26.9 million shares (or 9.8165% of all shares), a total value of $4.61 billion in shares.
The next largest institutional holding, with 23.46 million shares, is of FMR LLC’s that is approximately 8.5633% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.02 billion.
Also, the Mutual Funds coming in first place with the largest holdings of GE Vernova Inc (GEV) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 8.63 shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $2.63 billion market value. The same data shows that the other fund manager holds slightly less at 7.46, or about 2.70% of the stock, which is worth about $2.27 billion.
