GE Vernova (NYSE:GEV) Stock Price Up 3.9% – Time to Buy?

GE Vernova Inc. (NYSE:GEV)’s stock price shot up 3.9% during trading on Tuesday . The company traded as high as $696.40 and last traded at $691.89. 4,678,403 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 3,089,270 shares. The stock had previously closed at $665.99.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: Analysts and market coverage highlight a full backlog and high expectations heading into the Q4 release, which supports upside to near-term guidance and sentiment. GE Vernova earnings due with sky-high expectations and a full backlog
• Positive Sentiment: Zacks previews that Q4 should show stronger EBITDA, margin expansion and cash flow even if revenues slip from timing in gas turbines and weak onshore wind — metrics that can underpin higher valuation multiples. GEV Q4 Earnings on the Deck: How to Approach the Stock Now?
• Positive Sentiment: Brokerages’ consensus sits at an average “Moderate Buy,” indicating dealer support that can sustain investor interest into the print. GE Vernova Inc. (NYSE:GEV) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Company narrative is evolving: management changes and AI-driven demand themes are being framed as structural positives for long-term growth and investor story. How GE Vernova’s Leadership Shift And AI Power Demand Themes At GE Vernova (GEV) Has Changed Its Investment Story
• Neutral Sentiment: Zacks also published an earnings-estimate deep dive outlining Wall Street’s top- and bottom-line expectations and key metrics to watch, useful for trade/positioning around the print but not directional by itself. Unlocking Q4 Potential of GE Vernova (GEV): Exploring Wall Street Estimates for Key Metrics
• Negative Sentiment: Market commentary flags oversupply concerns in the sector and a PJM emergency auction proposal that could pressure near-term power equipment demand/pricing. Mixed analyst sentiment on GE Vernova (GEV) amid oversupply concerns and PJM emergency auction proposal
• Negative Sentiment: Prominent commentator Jim Cramer urged caution, saying investors may want a better entry point, which can sap short-term retail buying despite positive fundamentals. Jim Cramer on GE Vernova: “I think you need a better entry point”

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Rothschild Redb cut GE Vernova from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Oppenheimer raised shares of GE Vernova from a “market perform” rating to an “outperform” rating and set a $855.00 price target for the company in a report on Wednesday, December 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $761.00 price objective on shares of GE Vernova in a research report on Monday, December 22nd. Jefferies Financial Group set a $830.00 price target on GE Vernova in a research note on Monday, December 22nd. Finally, Wells Fargo & Company raised their target price on shares of GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $701.42.

GE Vernova Trading Up 3.9%

The firm has a market capitalization of $187.72 billion, a P/E ratio of 112.69, a PEG ratio of 2.79 and a beta of 1.67. The business has a 50 day moving average of $640.96 and a 200-day moving average of $618.70.

GE Vernova Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. GE Vernova’s dividend payout ratio is presently 32.57%.

Institutional Investors Weigh In On GE Vernova

Institutional investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its position in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the period. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova during the third quarter worth about $25,000. ORG Wealth Partners LLC increased its position in GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after acquiring an additional 29 shares during the period. WFA Asset Management Corp bought a new position in GE Vernova during the 2nd quarter worth $29,000. Finally, Howard Hughes Medical Institute bought a new stake in GE Vernova in the second quarter valued at approximately $31,000.

About GE Vernova

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.