Northeast Investment Management Buys 631 Shares of GE Vernova Inc. $GEV

Northeast Investment Management raised its stake in GE Vernova Inc. (NYSE:GEV) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,186 shares of the company’s stock after acquiring an additional 631 shares during the period. Northeast Investment Management’s holdings in GE Vernova were worth $12,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

GE Vernova Stock Down 9.4%

GEV opened at $832.02 on Thursday. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The business has a 50 day moving average price of $930.57 and a two-hundred day moving average price of $943.71. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market cap of $220.22 billion, a PE ratio of 21.83, a P/E/G ratio of 3.10 and a beta of 1.25.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $1.64 EPS. As a group, research analysts anticipate that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on GEV. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,100.00 price target on shares of GE Vernova in a research report on Thursday, October 29th. Royal Bank Of Canada increased their price objective on GE Vernova from $1,225.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Argus lowered their target price on shares of GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Tuesday. William Blair restated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of GE Vernova from $1,150.00 to $1,035.00 and set an “overweight” rating on the stock in a report 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 issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,144.20.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Bernstein reaffirmed its Buy rating, arguing that worries about political obstacles to U.S. data-center construction may be overdone. That view supports the case for continued demand for power equipment. Bernstein Reaffirms Their Buy Rating on GE Vernova
• Positive Sentiment: BMO sees substantial potential upside, citing GE Vernova’s exposure to demand for electricity and related infrastructure. BMO Sees 39% Upside
• Neutral Sentiment: Argus kept its Buy rating but cut its price target to $1,100 from $1,300, signaling continued optimism alongside a more cautious valuation outlook. Argus Buy Rating
• Neutral Sentiment: GE Vernova’s planned $9 billion purchase of Trench Group would expand its grid-equipment business, potentially helping address constraints in delivering electricity. The deal’s scale also brings execution and financial considerations. GE Vernova’s Trench Group Acquisition
• Negative Sentiment: The immediate pressure came from a broad selloff in data-center-related stocks, as investors reassessed AI infrastructure spending and the outlook for companies tied to it. Guggenheim also lowered its expectations for GEV, adding to concerns about near-term valuation. Data-Center Stock Selloff Guggenheim Lowers Expectations

GE Vernova Company Profile

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.