Sumitomo Mitsui Trust Group Inc. cut its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 601,673 shares of the company’s stock after selling 30,195 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in GE Vernova were worth $571,884,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in GEV. Advance Capital Management Inc. boosted its holdings in GE Vernova by 2.2% during the first quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock worth $402,000 after buying an additional 10 shares in the last quarter. Alpha Financial Partners LLC grew its position in GE Vernova by 2.0% during the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock worth $449,000 after buying an additional 10 shares during the period. Sandy Cove Advisors LLC increased its holdings in GE Vernova by 2.6% in the second 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. Mirador Capital Partners LP increased its holdings in GE Vernova by 2.5% in the second quarter. Mirador Capital Partners LP now owns 408 shares of the company’s stock valued at $479,000 after buying an additional 10 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in GE Vernova by 15.4% in the second quarter. Elevation Wealth Partners LLC now owns 75 shares of the company’s stock valued at $88,000 after buying an additional 10 shares in the last quarter.
Trending Headlines about GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
- Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
- Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
- Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
- Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
- Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
- Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer
Analyst Upgrades and Downgrades
GEV has been the subject of several research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $1,450.00 price objective on shares of GE Vernova in a research note on Tuesday, October 13th. Mizuho lifted their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Jefferies Financial Group reiterated a “buy” rating and set a $1,100.00 target price on shares of GE Vernova in a research report on Thursday. The Goldman Sachs Group upgraded GE Vernova from a “buy” rating to a “market outperform” rating in a research report on Monday, September 14th. Finally, Glj Research upped their target price on GE Vernova from $470.00 to $540.00 and gave the company a “sell” rating in a report on Friday. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,152.53.
Get Our Latest Stock Report on GE Vernova
GE Vernova Trading Down 3.7%
Shares of GEV stock opened at $854.58 on Friday. The firm has a 50-day moving average price of $934.85 and a 200 day moving average price of $940.34. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The company has a market capitalization of $226.19 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.93 and a beta of 1.14. 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 (NYSE:GEV – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The company had revenue of $12.64 billion for the quarter, compared to analysts’ expectations of $11.99 billion. During the same period last year, the company earned $1.64 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. Research analysts forecast that GE Vernova Inc. will post 16.05 earnings per share for the current fiscal year.
GE Vernova Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s payout ratio is currently 5.25%.
About GE Vernova
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.
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