Northeast Investment Management Purchases 631 Shares of GE Vernova Inc. $GEV

Northeast Investment Management increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,186 shares of the company’s stock after purchasing an additional 631 shares during the period. Northeast Investment Management’s holdings in GE Vernova were worth $12,533,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $32,000. Pingora Partners LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $36,000. Manning & Napier Advisors LLC lifted its holdings in shares of GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares during the period. IMG Wealth Management Inc. acquired a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $39,000. Finally, Miller Global Investments LLC lifted its holdings in shares of GE Vernova by 63.6% in the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after buying an additional 14 shares during the period.

GE Vernova Stock Down 9.4%

GE Vernova stock opened at $832.02 on Thursday. GE Vernova Inc. has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The firm has a market capitalization of $220.22 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.25. The stock’s fifty day moving average is $930.57 and its two-hundred day moving average is $943.71. 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 (NYSE:GEV) last issued 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. 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 period in the prior year, the company earned $1.64 EPS. The firm’s revenue was up 26.8% on a year-over-year basis. Analysts predict that GE Vernova Inc. will post 16.13 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

More GE Vernova News

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

• Positive Sentiment: Bernstein reaffirmed its Buy rating, arguing that worries about political obstacles to U.S. data-center construction may be overdone. That view supports the case for continued demand for power equipment. Bernstein Reaffirms Their Buy Rating on GE Vernova
• Positive Sentiment: BMO sees substantial potential upside, citing GE Vernova’s exposure to demand for electricity and related infrastructure. BMO Sees 39% Upside
• Neutral Sentiment: Argus kept its Buy rating but cut its price target to $1,100 from $1,300, signaling continued optimism alongside a more cautious valuation outlook. Argus Buy Rating
• Neutral Sentiment: GE Vernova’s planned $9 billion purchase of Trench Group would expand its grid-equipment business, potentially helping address constraints in delivering electricity. The deal’s scale also brings execution and financial considerations. GE Vernova’s Trench Group Acquisition
• Negative Sentiment: The immediate pressure came from a broad selloff in data-center-related stocks, as investors reassessed AI infrastructure spending and the outlook for companies tied to it. Guggenheim also lowered its expectations for GEV, adding to concerns about near-term valuation. Data-Center Stock Selloff Guggenheim Lowers Expectations

Wall Street Analyst Weigh In

GEV has been the topic of a number of analyst reports. TD Cowen decreased their price target on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Oppenheimer reiterated an “outperform” rating on shares of GE Vernova in a research report on Wednesday, October 28th. BNP Paribas Exane reduced their target price on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating for the company in a report on Thursday, August 20th. President Capital boosted their target price on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $1,144.20.

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.