GE Vernova (NYSE:GEV) Shares Up 1.2% – Should You Buy?

GE Vernova Inc. (NYSE:GEV) was up 1.2% on Thursday. The company traded as high as $842.00 and last traded at $818.25. 2,900,249 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 2,790,036 shares. The stock had previously closed at $808.24.

More GE Vernova News

Investors following GEV have been watching these news items:

• Positive Sentiment: J.P. Morgan maintained an “overweight” rating and a $1,000 price target, down from $1,035 but still indicating potential upside. The bank says GE Vernova could withstand slower AI spending, in part because only about 20% of its gas-turbine customers are data centers. Article: GE Vernova Could Withstand a Slowing AI Spending Boom, Says J.P. Morgan
• Positive Sentiment: GE Vernova reported new milestones in validating hydrogen-ready aeroderivative gas turbines, supporting longer-term opportunities in lower-emissions power generation. Article: GE Vernova Advances Hydrogen Capabilities for Aeroderivative Gas Turbines with New Milestones
• Neutral Sentiment: Third-quarter orders surged 96% to $29 billion, but electrification orders fell 9%, a potential warning that growth is uneven across the business. Article: GE Vernova’s Orders Jumped 96%. The Number Hiding Underneath Is Electrification’s 9% Decline.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GEV shares. Guggenheim reduced their price target on GE Vernova from $1,450.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. The Goldman Sachs Group raised GE Vernova from a “buy” rating to a “market outperform” rating in a report on Monday, September 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a research report on Monday, October 19th. BMO Capital Markets reiterated an “outperform” rating and set a $1,200.00 target price on shares of GE Vernova in a research report on Thursday, October 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $1,100.00 target price on shares of GE Vernova in a report on Thursday, October 29th. Two equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,143.03.

GE Vernova Stock Performance

The stock’s fifty day moving average price is $917.88 and its two-hundred day moving average price is $946.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The company has a market cap of $216.57 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.60 and a beta of 1.25.

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

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

Hedge Funds Weigh In On GE Vernova

Institutional investors have recently modified their holdings of the business. Parvin Asset Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $32,000. Strategic Wealth Advisors LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $35,000. Pingora Partners LLC bought a new position in GE Vernova in the 2nd quarter valued at approximately $36,000. IMG Wealth Management Inc. bought a new position in GE Vernova in the 2nd quarter valued at approximately $39,000. Finally, Miller Global Investments LLC boosted its position in GE Vernova by 63.6% in the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after buying an additional 14 shares in the last quarter.

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.