GE Vernova (NYSE:GEV) Stock Jumps 1.6% – Time to Buy?

Shares of GE Vernova Inc. (NYSE:GEV) shot up 1.6% during trading on Wednesday. The stock traded as high as $845.00 and last traded at $809.5920. Approximately 3,665,896 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 2,789,426 shares. The stock had previously closed at $797.04.

GE Vernova News Roundup

Investors following GEV have been watching these news items:

• Positive Sentiment: Third-quarter orders rose 96% year over year to $29 billion, while the company’s backlog reached a record $197 billion and 2026 revenue guidance was raised, reinforcing the strength of its longer-term demand outlook. GE Vernova’s Orders Jumped 96%
• Neutral Sentiment: The strong overall order growth masks a weak spot: electrification orders fell 9%, a potential concern given the importance of grid infrastructure to the company’s growth story. GE Vernova’s Orders Jumped 96%
• Negative Sentiment: SoftBank is reassessing plans for its Ohio data-center project, reviving concerns that changes to major AI infrastructure projects could weigh on expected turbine demand. GE Vernova shares slide after SoftBank revises US data center project plans

Analysts Set New Price Targets

GEV has been the topic of a number of recent analyst reports. Evercore reiterated an “outperform” rating and set a $1,350.00 price target on shares of GE Vernova in a research note on Thursday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a research report on Monday, October 19th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Argus lowered their price objective on GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating on the stock in a report on Tuesday, November 3rd. Finally, BNP Paribas Exane dropped their target price on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,143.03.

GE Vernova Stock Performance

The company has a market capitalization of $214.28 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.70 and a beta of 1.25. The stock has a fifty day moving average price of $919.64 and a two-hundred day moving average price of $946.09. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

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

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s payout ratio is currently 5.25%.

Institutional Trading of GE Vernova

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Patron Partners LLC grew its holdings in GE Vernova by 4.3% during the 3rd quarter. Patron Partners LLC now owns 2,180 shares of the company’s stock valued at $2,072,000 after purchasing an additional 89 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in GE Vernova during the 3rd quarter valued at approximately $97,148,000. Edmond DE Rothschild Holding S.A. increased its holdings in shares of GE Vernova by 116.5% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 19,459 shares of the company’s stock worth $18,496,000 after acquiring an additional 10,470 shares during the period. Private Wealth Asset Management LLC boosted its stake in GE Vernova by 223.4% during the 3rd quarter. Private Wealth Asset Management LLC now owns 3,451 shares of the company’s stock valued at $3,280,000 after purchasing an additional 2,384 shares during the period. Finally, USS Investment Management Ltd grew its stake in shares of GE Vernova by 40.5% in the third quarter. USS Investment Management Ltd now owns 17,000 shares of the company’s stock worth $16,153,000 after purchasing an additional 4,900 shares in the last quarter.

GE Vernova Company Profile

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.