GE Vernova Inc. $GEV Stock: Eurizon Capital SGR S.p.A. Lowers Stake

Eurizon Capital SGR S.p.A. reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 4.9% during 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. owned about 0.06% of GE Vernova worth $140,734,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in GE Vernova during the second quarter worth about $25,569,630,000. State Street Corp boosted its stake in GE Vernova by 3.3% in the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after acquiring an additional 370,842 shares during the period. Bank of America Corp DE boosted its stake in GE Vernova by 20.1% in the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock valued at $2,267,949,000 after acquiring an additional 435,405 shares during the period. Bank of New York Mellon Corp acquired a new position in GE Vernova in the second quarter valued at approximately $2,497,472,000. Finally, Jupiter Topco LLC bought a new position in shares of GE Vernova during the second quarter valued at approximately $2,371,538,000.

GE Vernova Stock Performance

Shares of GEV opened at $818.25 on Friday. The firm has a 50-day moving average price of $915.80 and a 200 day moving average price of $947.62. The firm has a market capitalization of $216.57 billion, a PE ratio of 35.68, a P/E/G ratio of 2.63 and a beta of 1.25. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the business earned $1.64 earnings per share. On average, sell-side analysts anticipate that GE Vernova Inc. will post 16.13 earnings per share 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. Shareholders of record on Tuesday, October 27th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is presently 5.25%.

Latest GE Vernova News

Investors following GEV have been watching these news items:

• Positive Sentiment: J.P. Morgan says GE Vernova could withstand a slowdown in AI spending and maintains an “overweight” rating. Its price target was lowered from $1,035 to $1,000, still indicating substantial potential upside from the cited share price. J.P. Morgan’s view on GE Vernova
• Positive Sentiment: One analysis argues that only about 20% of GE Vernova’s gas-turbine customers are data centers, suggesting the company may be less exposed to an AI-spending pullback than investors fear. GE Vernova’s customer mix
• 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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GEV. Jefferies Financial Group reiterated a “buy” rating and set a $1,100.00 price target on shares of GE Vernova in a research report on Thursday, October 29th. Oppenheimer reissued an “outperform” rating on shares of GE Vernova in a report on Wednesday, October 28th. JPMorgan Chase & Co. reduced their price objective on GE Vernova from $1,035.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Wednesday. Argus lowered their price objective on GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Finally, TD Cowen dropped their target price on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Two investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,143.03.

GE Vernova Company Profile

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.