GE Vernova (NYSE:GEV) Stock Price Up 5% – Time to Buy?

GE Vernova Inc. (NYSE:GEV) shares shot up 5% during trading on Monday. The stock traded as high as $861.98 and last traded at $855.7310. 2,715,007 shares changed hands during trading, an increase of 2% from the average daily volume of 2,661,697 shares. The stock had previously closed at $815.00.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova won an order to supply a gas turbine and generator for a 372-megawatt combined-cycle power plant in Côte d’Ivoire. The project expands its Gas Power presence in a new market and reinforces demand for gas-fired generation equipment. GE Vernova Lands 372 MW Côte d’Ivoire Power Plant Order
• Positive Sentiment: Analyst support remains strong: Bank of America reiterated a Buy rating and a $1,310 price target, indicating substantial potential upside if GE Vernova delivers on its growth outlook. BofA Keeps Buy Rating for GE Vernova
• Positive Sentiment: Long-term fundamentals remain favorable, including AI-related electricity demand, grid investment, a reported $176 billion backlog and growing gas-turbine activity. Heavy-duty turbine installations could also generate higher-margin service revenue over time. GE Vernova Earnings and Gigawatt Orders
• Neutral Sentiment: GE Vernova is scheduled to report third-quarter results before the market opens on Wednesday, Oct. 28. Investors are likely to prioritize full-year guidance, gigawatt orders and HA turbine unit activity over the backlog headline alone. GE Vernova Eyes This Week’s Earnings Call
• Negative Sentiment: Expectations are elevated despite the recent pullback. Analysts warn that even a strong quarter may not be enough to justify the valuation unless management raises or firmly supports its outlook. GE Vernova Earnings Preview
• Negative Sentiment: The Wind business continues to weaken, while tariffs, higher interest rates and industry-wide earnings estimate reductions create additional risks. Investors are assessing whether Gas Power growth can offset declining wind revenue and orders. Can GE Vernova’s Gas Turbines Make Up for Wind Weakness?

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $1,185.00 price target (up from $1,155.00) on shares of GE Vernova in a research note on Thursday, September 17th. Glj Research initiated coverage on GE Vernova in a report on Monday, September 14th. They set a “sell” rating and a $470.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a research report on Monday, October 19th. Finally, TD Cowen upped their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,164.87.

GE Vernova Trading Up 5.0%

The business’s 50 day simple moving average is $947.07 and its two-hundred day simple moving average is $1,001.71. The stock has a market cap of $227.91 billion, a P/E ratio of 24.49, a PEG ratio of 2.82 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio is currently 5.72%.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors and hedge funds have recently made changes to their positions in GEV. Parvin Asset Management LLC acquired a new stake in shares of GE Vernova in the 2nd quarter worth about $32,000. Pingora Partners LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth $36,000. Manning & Napier Advisors LLC grew its stake in shares of GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after acquiring an additional 13 shares in the last quarter. IMG Wealth Management Inc. purchased a new stake in shares of GE Vernova in the second quarter valued at about $39,000. Finally, Miller Global Investments LLC raised its holdings in shares of 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 purchasing an additional 14 shares during the last quarter.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.