GE Vernova (NYSE:GEV) Shares Climb 4.2% – Time to Buy?

GE Vernova Inc. (NYSE:GEV)’s stock price shot up 4.2% during mid-day trading on Wednesday. The company traded as high as $935.16 and last traded at $927.2920. Approximately 2,995,038 shares were traded during trading, an increase of 14% from the average session volume of 2,637,575 shares. The stock had previously closed at $890.33.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Large backlog supports long-term growth. GE Vernova’s backlog has reportedly reached $176 billion and could approach $200 billion in early 2027. The backlog, recurring revenue and potential margin expansion provide visibility into future sales and earnings. GE Vernova’s $176 Billion Backlog, Explained
• Positive Sentiment: New power agreements could expand demand. Venture Global signed power agreements with GE Vernova and Baker Hughes to support LNG growth and potentially enable as much as 10 gigawatts of data-center capacity by 2034, reinforcing GEV’s exposure to LNG infrastructure and AI-related electricity demand. VG Inks Power Agreements With GEV, BKR to Support LNG Growth
• Positive Sentiment: International and grid opportunities remain attractive. GE Vernova outlined pathways for Spain to achieve reliable, net-zero electricity by 2050, highlighting grid modernization, energy storage and dependable generation. The strategy underscores potential demand for GEV’s grid and power technologies, although it is not an immediate contract announcement. GE Vernova Highlights Spain’s Path to Reliable, Net-Zero Electricity
• Positive Sentiment: Investors are positioned for possible earnings upside. Analysts expect earnings to grow, and coverage points to a combination of favorable estimates and company fundamentals that could support an earnings beat when results are released on October 28. GE Vernova Earnings Expected to Grow
• Negative Sentiment: Recent weakness reflects profit-taking and high expectations. A fund commentary characterized GE Vernova’s third-quarter pullback as profit-taking despite sustained AI-capex demand. Shares also declined in the prior session even as the broader market advanced, suggesting near-term selling pressure and sensitivity to valuation. GE Vernova’s Q3 Pullback Reflects Profit-Taking

Wall Street Analyst Weigh In

Several research firms recently commented on GEV. BMO Capital Markets reiterated an “outperform” rating and issued a $1,250.00 price objective (up from $1,110.00) on shares of GE Vernova in a report on Friday, August 7th. BNP Paribas Exane dropped their price target on shares of GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th. The Goldman Sachs Group upgraded shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. Oppenheimer boosted 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, Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to 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 4.2%

The stock has a market cap of $246.97 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The company’s 50-day moving average price is $958.76 and its 200 day moving average price is $1,002.59.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. As a group, analysts forecast that GE Vernova Inc. will post 15.04 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued 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%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GEV. BlackRock Inc. purchased a new stake in shares of GE Vernova in the second quarter worth $25,569,630,000. State Street Corp lifted its position in shares of GE Vernova by 3.3% in the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock worth $13,828,380,000 after buying an additional 370,842 shares in the last quarter. Bank of America Corp DE lifted its position in GE Vernova by 20.1% during the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock valued at $2,267,949,000 after purchasing an additional 435,405 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $2,497,472,000. Finally, Jupiter Topco LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth about $2,371,538,000.

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.