Vise Technologies Inc. Buys 1,715 Shares of GE Vernova Inc. $GEV

by · The Markets Daily

Vise Technologies Inc. boosted its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,561 shares of the company’s stock after purchasing an additional 1,715 shares during the quarter. Vise Technologies Inc.’s holdings in GE Vernova were worth $15,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GEV. Advance Capital Management Inc. increased its holdings in GE Vernova by 2.2% during the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock worth $402,000 after acquiring an additional 10 shares during the period. Alpha Financial Partners LLC boosted its holdings in GE Vernova by 2.0% in the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock valued at $449,000 after purchasing an additional 10 shares during the period. Sandy Cove Advisors LLC boosted its holdings in GE Vernova by 2.6% in the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock valued at $457,000 after purchasing an additional 10 shares during the period. Mirador Capital Partners LP grew its position 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 purchasing an additional 10 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its position 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 purchasing an additional 10 shares in the last quarter.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $854.58 on Monday. The company’s fifty day moving average price is $934.85 and its 200-day moving average price is $940.34. The firm has a market capitalization 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 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.

GE Vernova (NYSE:GEV – Get Free Report) last posted its quarterly earnings data 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. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm had revenue of $12.64 billion for the quarter, compared to analysts’ expectations of $11.99 billion. During the same quarter last year, the company posted $1.64 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. On average, equities research analysts anticipate that GE Vernova Inc. will post 16.05 earnings per share 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. Shareholders of record on Tuesday, October 27th will be paid 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 yield of 0.2%. GE Vernova’s payout ratio is 5.25%.

Analysts Set New Price Targets

GEV has been the topic of a number of recent analyst reports. Citigroup lowered their price objective on GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Thursday. Oppenheimer reissued an “outperform” rating on shares of GE Vernova in a research note on Wednesday. Evercore restated an “outperform” rating and set a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. Susquehanna decreased their target price on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating on the stock in a research note on Thursday. Finally, Glj Research upped their target price on GE Vernova from $470.00 to $540.00 and gave the stock a “sell” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,152.53.

Check Out Our Latest Stock Report on GEV

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

GE Vernova Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV – Free Report).