Summit Global Investments Buys 1,463 Shares of GE Vernova Inc. $GEV

Summit Global Investments purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the third quarter, HoldingsChannel.com reports. The fund purchased 1,463 shares of the company’s stock, valued at approximately $1,391,000.

A number of other institutional investors also recently bought and sold shares of GEV. Invera Wealth Advisors LLC increased its position in shares of GE Vernova by 6.9% during the third quarter. Invera Wealth Advisors LLC now owns 2,161 shares of the company’s stock worth $2,054,000 after purchasing an additional 139 shares in the last quarter. Marin Bay Wealth Advisors LLC boosted its position in shares of GE Vernova by 6.0% in the 3rd quarter. Marin Bay Wealth Advisors LLC now owns 632 shares of the company’s stock valued at $601,000 after purchasing an additional 36 shares during the period. Gilliland Jeter Wealth Management LLC grew its stake in GE Vernova by 7.9% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 653 shares of the company’s stock worth $621,000 after buying an additional 48 shares during the last quarter. Greatmark Investment Partners Inc. grew its position in shares of GE Vernova by 5.6% during the third quarter. Greatmark Investment Partners Inc. now owns 656 shares of the company’s stock worth $624,000 after acquiring an additional 35 shares during the last quarter. Finally, Americana Partners LLC increased its holdings in shares of GE Vernova by 17.2% in the 3rd quarter. Americana Partners LLC now owns 7,734 shares of the company’s stock valued at $7,351,000 after acquiring an additional 1,133 shares during the period.

GE Vernova Price Performance

GEV stock opened at $854.58 on Monday. The firm has a 50 day moving average of $934.85 and a 200-day moving average of $940.34. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22. The company has a market cap of $226.19 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.91 and a beta of 1.25.

GE Vernova (NYSE:GEV) last released its quarterly earnings results 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. The business had revenue of $12.64 billion for the quarter, compared to analysts’ expectations of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. As a group, equities analysts expect that GE Vernova Inc. will post 16.05 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

Key GE Vernova News

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

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday. William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. TD Cowen reduced their price objective on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a research note on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,298.00 price objective on shares of GE Vernova in a research report on Wednesday, October 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $1,450.00 price objective on shares of GE Vernova in a research report on Tuesday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $1,152.53.

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.