GE Vernova Inc. $GEV Stock Position Reduced by Danske Bank A S

Danske Bank A S lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,276 shares of the company’s stock after selling 17,276 shares during the quarter. Danske Bank A S’s holdings in GE Vernova were worth $172,301,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Alpha Financial Partners LLC increased its stake in shares of GE Vernova by 2.0% in the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock worth $449,000 after purchasing an additional 10 shares in the last quarter. Sandy Cove Advisors LLC lifted its stake in shares of GE Vernova by 2.6% during the 2nd 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 lifted its stake in shares of GE Vernova by 2.5% during the 2nd 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. Elevation Wealth Partners LLC lifted its stake in shares of GE Vernova by 15.4% during the 2nd 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. Finally, Byrne Asset Management LLC boosted its holdings in GE Vernova by 1.0% in the 3rd quarter. Byrne Asset Management LLC now owns 980 shares of the company’s stock worth $968,000 after buying an additional 10 shares during the period.

Key Stories Impacting GE Vernova

Investors following GEV have been watching these stories:

• Positive Sentiment: SpaceX expects to spend $35 billion to $40 billion this quarter, and GE Vernova is among the turbine suppliers associated with its Starbase plans. This could highlight demand opportunities, though the report does not confirm a specific GE Vernova contract. SpaceX spending and power suppliers
• Positive Sentiment: Evercore ISI maintained its Buy rating and $1,350 price target, which the report described as 67% above the Nov. 11 close. That view may help support investor confidence after the stock’s retreat from its summer high. Evercore ISI outlook
• Negative Sentiment: A Canadian small modular reactor project linked to GE Vernova faces construction delays and higher projected costs, adding execution and cost-risk concerns to the hydrogen-turbine progress. Ontario nuclear project delays

GE Vernova Price Performance

Shares of GE Vernova stock traded down $15.32 during trading hours on Friday, reaching $803.17. The company’s stock had a trading volume of 2,995,780 shares, compared to its average volume of 4,287,203. The firm has a 50 day moving average price of $913.05 and a 200-day moving average price of $948.17. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62. The stock has a market cap of $212.58 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.67 and a beta of 1.25.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 28th. The company reported $4.81 EPS 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 quarter in the previous year, the business earned $1.64 EPS. The company’s quarterly revenue was up 26.8% on a year-over-year basis. On average, analysts predict that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio is presently 5.25%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Argus dropped their price objective on GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. HSBC upgraded GE Vernova from a “hold” rating to a “buy” rating and increased their target price for the stock from $1,040.00 to $1,100.00 in a research report on Friday, October 30th. TD Cowen cut their target price on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $1,298.00 target price on shares of GE Vernova in a research note on Wednesday, October 28th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,143.03.

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.