Candriam S.C.A. lessened its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 19.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,920 shares of the company’s stock after selling 21,765 shares during the period. Candriam S.C.A.’s holdings in GE Vernova were worth $87,688,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of GE Vernova in the second quarter worth $25,569,630,000. Bank of America Corp DE purchased a new stake in shares of GE Vernova during the second quarter valued at $2,961,612,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova during the second quarter valued at $2,497,472,000. Jupiter Topco LLC purchased a new stake in shares of GE Vernova during the second quarter valued at $2,371,538,000. Finally, Janus Henderson Group PLC increased its position in shares of GE Vernova by 4,358.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock valued at $1,316,076,000 after acquiring an additional 1,485,712 shares during the period.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GEV. Citigroup reduced their target price on GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a report on Monday, October 19th. TD Cowen cut their price objective on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $1,298.00 price objective on shares of GE Vernova in a research note on Wednesday, October 28th. Finally, Royal Bank Of Canada lifted their target price on GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Two 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 assigned a Sell rating to the stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $1,144.20.
Read Our Latest Analysis on GEV
GE Vernova News Roundup
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova’s backlog and order growth, along with three increases to its 2026 guidance, support the longer-term earnings outlook. The article also points to gas turbines as a potential source of future high-margin service revenue. Article: GE Vernova Is Up 18% in 2026 After Three Guidance Raises
- Positive Sentiment: Some investors view the stock’s decline as a potential buying opportunity, arguing that GE Vernova supplies power equipment Nvidia and other technology companies need, while the company continues to add orders. Article: GE Vernova Has Something Nvidia Needs Under a Democratic Congress
- Neutral Sentiment: Analyst views are mixed: one report noted an Argus Research Buy rating, while other recent coverage highlighted a downgrade and a pessimistic price outlook. This leaves uncertainty about whether the selloff has made GEV an attractive value. Article: GE Vernova Receives a Buy from Argus Research
- Negative Sentiment: A reported analyst downgrade contributed to a sharp decline in the shares, adding pressure to a stock already hit by a broader selloff in data-center-related names. Article: GE Vernova Shares Down 9.4% on Analyst Downgrade
- Negative Sentiment: Newly elected Democratic officials in Texas have pledged to pause approvals for large AI data-center projects, and proposals elsewhere could bring tighter energy, zoning, and environmental reviews. If projects are delayed, demand for the power generation and grid equipment GE Vernova sells could be affected. Article: GE Vernova Sees New Risks From AI Data Center Permitting Pause
GE Vernova Stock Up 0.5%
GEV stock opened at $774.74 on Friday. The company has a market capitalization of $205.06 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.25. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The firm’s fifty day simple moving average is $923.33 and its 200-day simple moving average is $944.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62.
GE Vernova (NYSE:GEV – Get Free Report) last issued its 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. The firm had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share. As a group, equities research analysts forecast that GE Vernova Inc. will post 16.13 earnings per share for the current year.
GE Vernova Announces Dividend
The business 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 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.
GE Vernova 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.
GE Vernova serves utilities, power producers, grid operators and other customers around the world.
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