Summit Global Investments Acquires New Holdings in GE Vernova Inc. $GEV

Summit Global Investments acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,463 shares of the company’s stock, valued at approximately $1,391,000.

A number of other hedge funds have also recently made changes to their positions in GEV. Manning & Napier Advisors LLC lifted its stake in GE Vernova by 68.4% during the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of GE Vernova during the second quarter worth $32,000. Strategic Wealth Advisors LLC acquired a new stake in shares of GE Vernova in the second quarter valued at $35,000. Pingora Partners LLC acquired a new stake in shares of GE Vernova in the second quarter valued at $36,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of GE Vernova in the second quarter valued at $39,000.

Trending Headlines about GE Vernova

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 Stock Down 0.4%

Shares of NYSE GEV opened at $854.58 on Monday. The stock has a market cap of $226.19 billion, a P/E ratio of 22.42, a PEG ratio of 2.91 and a beta of 1.25. The business’s fifty day simple moving average is $934.85 and its 200-day simple moving average is $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.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $11.99 billion. During the same quarter last year, the business posted $1.64 EPS. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. As a group, equities analysts predict that GE Vernova Inc. will post 16.05 EPS for the current fiscal year.

GE Vernova Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GEV shares. Evercore reissued an “outperform” rating and set a $1,350.00 target price on shares of GE Vernova in a research note on Thursday, October 1st. Susquehanna dropped their target price on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating for the company in a research report on Thursday. Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Guggenheim reissued a “buy” rating and set a $1,450.00 price target on shares of GE Vernova in a research report on Tuesday, October 13th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $1,200.00 price target on shares of GE Vernova in a research report on Thursday. Two equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,152.53.

GE Vernova 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.