7,551 GE Vernova Inc. $GEV Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,555 shares of the company’s stock after selling 7,551 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in GE Vernova were worth $140,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in GEV. Parvin Asset Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $32,000. Pingora Partners LLC bought a new stake in GE Vernova during the second quarter worth approximately $36,000. IMG Wealth Management Inc. bought a new stake in GE Vernova during the second quarter worth approximately $39,000. Miller Global Investments LLC boosted its holdings in GE Vernova by 63.6% during the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after buying an additional 14 shares in the last quarter. Finally, Burk Holdings LLC boosted its holdings in GE Vernova by 50.0% during the second quarter. Burk Holdings LLC now owns 36 shares of the company’s stock worth $42,000 after buying an additional 12 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on GEV shares. Evercore restated an “outperform” rating and issued a $1,350.00 price target on shares of GE Vernova in a research report on Thursday, October 1st. Jefferies Financial Group reiterated a “buy” rating and set a $1,100.00 price objective on shares of GE Vernova in a research report on Thursday, October 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $1,298.00 price objective on shares of GE Vernova in a research note on Wednesday, October 28th. Citigroup decreased their target price on GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Finally, President Capital lifted their target price on GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.03.

GE Vernova Trading Up 1.2%

NYSE GEV opened at $818.25 on Friday. The firm’s 50 day moving average price is $915.80 and its two-hundred day moving average price is $947.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The stock has a market cap of $216.57 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.63 and a beta of 1.25.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $12.64 billion during the quarter, compared to analyst estimates 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 for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 earnings per share. Equities analysts anticipate 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 dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is currently 5.25%.

More GE Vernova News

Here’s some of the latest news about GEV:

• Neutral Sentiment: A technical analysis says the recent pullback is testing support, while analyst targets remain elevated; this frames the price action but does not establish that a rebound is assured. GEV price and support analysis
• Negative Sentiment: GE Vernova’s Ontario small modular nuclear reactor project is reportedly facing construction delays and rising costs, raising execution and cost-overrun concerns. Ontario nuclear project delays and costs
• Negative Sentiment: SoftBank’s Ohio data-center project is undergoing a “thorough reassessment,” adding to investor worries about data-center-related demand. SoftBank Ohio data-center reassessment

About GE Vernova

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.