GE Vernova (NYSE:GEV) Shares Climb 6.4% – Still a Buy?

GE Vernova Inc. (NYSE:GEV)’s stock price traded up 6.4% during mid-day trading on Tuesday. The company traded as high as $929.77 and last traded at $917.6020. 3,099,634 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 2,699,433 shares. The stock had previously closed at $862.25.

More GE Vernova News

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

• Positive Sentiment: Power and data-center infrastructure stocks rallied after Bernstein argued that Election Day political risks to U.S. data-center construction are less severe than investors feared. That view supports demand expectations for GE Vernova’s power-generation and grid equipment. Article
• Positive Sentiment: Recent operating results and guidance also provide support: GE Vernova’s third-quarter orders reportedly grew 96% organically, and management raised its 2026 outlook. Analysts at Guggenheim kept a Buy rating despite trimming their price target. Article
• Positive Sentiment: Zacks upgraded the stock to Rank #2 (Buy), citing improving earnings prospects. Article
• Neutral Sentiment: Argus lowered its price target to $1,100 from $1,300 but maintained a Buy rating, leaving its outlook positive while signaling a more cautious valuation. Article
• Negative Sentiment: A Seeking Alpha analysis argued GE Vernova could face roughly 19% downside, underscoring concerns that its valuation may be vulnerable despite strong business demand. Article

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GEV shares. Susquehanna dropped their price objective on shares of GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating for the company in a research note on Thursday, October 29th. William Blair reissued an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Mizuho boosted their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a report on Friday, July 24th. HSBC raised shares of GE Vernova from a “hold” rating to a “buy” rating and upped their price target for the stock from $1,040.00 to $1,100.00 in a research report on Friday. Finally, Citigroup cut their price target on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,144.20.

GE Vernova Price Performance

The company has a market capitalization of $244.38 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 3.04 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $932.95 and a 200 day simple moving average of $941.39.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. During the same period in the previous year, the company posted $1.64 EPS. The company’s revenue was up 26.8% compared to the same quarter last year. As a group, research analysts predict that GE Vernova Inc. will post 16.05 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared 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 payout ratio is 5.25%.

Institutional Investors Weigh In On GE Vernova

Several institutional investors have recently bought and sold shares of GEV. Leelyn Smith LLC boosted its position in shares of GE Vernova by 33.9% in the third quarter. Leelyn Smith LLC now owns 371 shares of the company’s stock worth $352,000 after buying an additional 94 shares during the period. Formidable Asset Management LLC raised its stake in shares of GE Vernova by 9.9% during the third quarter. Formidable Asset Management LLC now owns 2,149 shares of the company’s stock valued at $2,043,000 after purchasing an additional 193 shares during the period. Palisade Asset Management LLC lifted its position in shares of GE Vernova by 4.5% during the third quarter. Palisade Asset Management LLC now owns 464 shares of the company’s stock worth $441,000 after purchasing an additional 20 shares in the last quarter. Verus Capital Partners LLC boosted its stake in shares of GE Vernova by 13.9% in the third quarter. Verus Capital Partners LLC now owns 2,379 shares of the company’s stock valued at $2,261,000 after purchasing an additional 290 shares during the period. Finally, Pegasus Asset Management Inc. grew its holdings in GE Vernova by 30.5% during the 3rd quarter. Pegasus Asset Management Inc. now owns 265 shares of the company’s stock valued at $252,000 after purchasing an additional 62 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.