Federated Hermes Inc. Purchases 107,249 Shares of GE Vernova Inc. $GEV

Federated Hermes Inc. grew its position in GE Vernova Inc. (NYSE:GEV) by 16.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 773,077 shares of the company’s stock after acquiring an additional 107,249 shares during the quarter. GE Vernova accounts for about 0.8% of Federated Hermes Inc.’s holdings, making the stock its 18th largest position. Federated Hermes Inc.’s holdings in GE Vernova were worth $475,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GEV. Synergy Asset Management LLC increased its position in GE Vernova by 300.0% in the third quarter. Synergy Asset Management LLC now owns 1,884 shares of the company’s stock worth $1,078,000 after purchasing an additional 1,413 shares during the period. Kercheville Advisors LLC boosted its stake in shares of GE Vernova by 238.3% in the 3rd quarter. Kercheville Advisors LLC now owns 4,905 shares of the company’s stock valued at $3,016,000 after purchasing an additional 3,455 shares during the last quarter. Dupree Financial Group LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at about $253,000. Rakuten Investment Management Inc. acquired a new stake in shares of GE Vernova during the 3rd quarter worth approximately $18,601,000. Finally, Nordea Investment Management AB raised its stake in shares of GE Vernova by 136.1% during the third quarter. Nordea Investment Management AB now owns 561,213 shares of the company’s stock worth $341,038,000 after buying an additional 323,481 shares during the last quarter.

GE Vernova Trading Up 3.9%

Shares of GE Vernova stock opened at $691.89 on Wednesday. The stock’s fifty day simple moving average is $643.71 and its 200 day simple moving average is $619.78. The company has a market capitalization of $187.72 billion, a PE ratio of 112.69, a PEG ratio of 2.83 and a beta of 1.67. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $731.00.

GE Vernova Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 5th will be issued a dividend of $0.50 per share. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s dividend payout ratio (DPR) is presently 32.57%.

Analyst Upgrades and Downgrades

Several analysts have commented on GEV shares. Wells Fargo & Company upped their target price on shares of GE Vernova from $717.00 to $831.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. BMO Capital Markets lifted their price objective on GE Vernova from $710.00 to $780.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $761.00 price objective on shares of GE Vernova in a report on Monday, December 22nd. The Goldman Sachs Group increased their target price on GE Vernova from $735.00 to $840.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Glj Research boosted their target price on GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $701.42.

Key GE Vernova News

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

• Positive Sentiment: Analysts and market coverage highlight a full backlog and high expectations heading into the Q4 release, which supports upside to near-term guidance and sentiment. GE Vernova earnings due with sky-high expectations and a full backlog
• Positive Sentiment: Zacks previews that Q4 should show stronger EBITDA, margin expansion and cash flow even if revenues slip from timing in gas turbines and weak onshore wind — metrics that can underpin higher valuation multiples. GEV Q4 Earnings on the Deck: How to Approach the Stock Now?
• Positive Sentiment: Brokerages’ consensus sits at an average “Moderate Buy,” indicating dealer support that can sustain investor interest into the print. GE Vernova Inc. (NYSE:GEV) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Company narrative is evolving: management changes and AI-driven demand themes are being framed as structural positives for long-term growth and investor story. How GE Vernova’s Leadership Shift And AI Power Demand Themes At GE Vernova (GEV) Has Changed Its Investment Story
• Neutral Sentiment: Zacks also published an earnings-estimate deep dive outlining Wall Street’s top- and bottom-line expectations and key metrics to watch, useful for trade/positioning around the print but not directional by itself. Unlocking Q4 Potential of GE Vernova (GEV): Exploring Wall Street Estimates for Key Metrics
• Negative Sentiment: Market commentary flags oversupply concerns in the sector and a PJM emergency auction proposal that could pressure near-term power equipment demand/pricing. Mixed analyst sentiment on GE Vernova (GEV) amid oversupply concerns and PJM emergency auction proposal
• Negative Sentiment: Prominent commentator Jim Cramer urged caution, saying investors may want a better entry point, which can sap short-term retail buying despite positive fundamentals. Jim Cramer on GE Vernova: “I think you need a better entry point”

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.