GE Vernova (NYSE:GEV) Stock Price Up 4.9% – Still a Buy?

Shares of GE Vernova Inc. (NYSE:GEV) were up 4.9% on Tuesday. The company traded as high as $899.33 and last traded at $897.1670. 3,374,052 shares traded hands during trading, an increase of 27% from the average daily volume of 2,665,182 shares. The stock had previously closed at $855.12.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova secured an order to supply a gas turbine and generator for a 372-megawatt combined-cycle power plant in Côte d’Ivoire. The contract expands its presence in West Africa and supports growth in its Gas Power business. GE Vernova Lands 372 MW Côte d’Ivoire Power Plant Order
• Positive Sentiment: Investors continue to see strong long-term demand from grid investment, data centers and artificial-intelligence-driven electrification. GE Vernova’s approximately $176 billion backlog, gas-turbine demand and potential high-margin service revenue remain key bullish factors. GE Vernova Reports Oct. 28: Key Gigawatt Metric
• Positive Sentiment: Bank of America maintained a Buy rating and a $1,310 price target, reinforcing bullish analyst support ahead of the earnings release. BofA Keeps Buy Rating for GE Vernova
• Neutral Sentiment: Analysts are examining quarterly estimates beyond revenue and earnings per share, including orders, margins and operating metrics. The results and full-year outlook could determine whether the company’s strong demand outlook is already reflected in the share price. Exploring Analyst Estimates for GE Vernova Q3 Earnings
• Negative Sentiment: Expectations are high following the stock’s prior pullback, creating a risk that even strong execution may disappoint investors if guidance, gigawatt orders or turbine-unit growth fail to exceed elevated forecasts. Wind-market weakness, tariffs and higher interest rates are additional concerns. GE Vernova: The Biggest Risk Is Not Demand
• Negative Sentiment: GE Vernova experienced approximately $75.1 million in net exchange-traded-fund selling on Oct. 23, indicating some short-term institutional outflows. GE Vernova Sees $75.1 Million in Net ETF Selling

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GEV shares. Citigroup decreased their price target on GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. The Goldman Sachs Group upgraded GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. Oppenheimer increased their price objective on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,164.87.

GE Vernova Stock Up 4.9%

The business has a 50-day moving average of $949.47 and a 200 day moving average of $934.68. The company has a market capitalization of $238.94 billion, a PE ratio of 25.68, a P/E/G ratio of 2.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is presently 5.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Onyx Bridge Wealth Group LLC grew its stake in GE Vernova by 1.3% in the first quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company’s stock valued at $635,000 after purchasing an additional 9 shares during the last quarter. Red Door Wealth Management LLC lifted its position in shares of GE Vernova by 0.6% during the first quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company’s stock valued at $1,548,000 after buying an additional 10 shares during the last quarter. Advance Capital Management Inc. lifted its position in shares of GE Vernova by 2.2% during the first quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock valued at $402,000 after buying an additional 10 shares during the last quarter. Alpha Financial Partners LLC boosted its holdings in shares of GE Vernova by 2.0% in the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock valued at $449,000 after buying an additional 10 shares in the last quarter. Finally, Sandy Cove Advisors LLC boosted its holdings in shares of GE Vernova by 2.6% in the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock valued at $457,000 after buying an additional 10 shares in 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.