GE Vernova Inc. $GEV Stock Bought by Private Advisory Group LLC

Private Advisory Group LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,366 shares of the company’s stock after purchasing an additional 1,066 shares during the quarter. Private Advisory Group LLC’s holdings in GE Vernova were worth $12,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of GE Vernova during the 2nd quarter worth $25,569,630,000. State Street Corp increased its stake in shares of GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after buying an additional 370,842 shares during the period. Bank of America Corp DE bought a new stake in shares of GE Vernova in the second quarter valued at about $2,961,612,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the second quarter valued at about $2,497,472,000. Finally, Jupiter Topco LLC purchased a new stake in GE Vernova in the second quarter worth about $2,371,538,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup dropped their target price on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. HSBC upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and boosted their price target for the company from $1,040.00 to $1,100.00 in a report on Friday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,298.00 price target on shares of GE Vernova in a research report on Wednesday, October 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $1,100.00 price objective on shares of GE Vernova in a research note on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,143.03.

GE Vernova Trading Up 1.2%

GEV opened at $818.25 on Friday. The firm has a market cap of $216.57 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.63 and a beta of 1.25. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The stock has a fifty day moving average price of $915.80 and a 200-day moving average price of $947.62.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The firm had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $11.99 billion. During the same period in the prior year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. As a group, equities research analysts anticipate that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.

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 issued a $0.50 dividend. The ex-dividend date 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 currently 5.25%.

GE Vernova News Summary

These are some of the GEV news items that stood out recently:

• Neutral Sentiment: Third-quarter orders rose 96% year over year to $29 billion, but electrification orders fell 9%—a weakness that tempers the strong headline growth. GE Vernova’s orders and electrification results
• Neutral Sentiment: A technical analysis says the recent pullback is testing support, while analyst targets remain elevated; this frames the price action but does not establish that a rebound is assured. GEV price and support analysis
• Negative Sentiment: SoftBank’s Ohio data-center project is undergoing a “thorough reassessment,” adding to investor worries about data-center-related demand. SoftBank Ohio data-center reassessment

GE Vernova Company Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century. The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.