Mitsubishi UFJ Asset Management Co. Ltd. Acquires 22,913 Shares of GE Vernova Inc. $GEV

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in GE Vernova Inc. (NYSE:GEV) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 546,202 shares of the company’s stock after purchasing an additional 22,913 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of GE Vernova worth $335,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of GE Vernova by 0.6% during the third quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock valued at $15,259,028,000 after acquiring an additional 150,892 shares during the period. State Street Corp increased its position in shares of GE Vernova by 1.9% during the 2nd quarter. State Street Corp now owns 11,097,778 shares of the company’s stock worth $5,872,389,000 after purchasing an additional 206,650 shares in the last quarter. Geode Capital Management LLC lifted its holdings in GE Vernova by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,108,484 shares of the company’s stock valued at $3,221,404,000 after purchasing an additional 129,315 shares during the last quarter. Norges Bank acquired a new position in GE Vernova in the second quarter valued at about $1,809,220,000. Finally, Invesco Ltd. grew its stake in GE Vernova by 26.3% during the second quarter. Invesco Ltd. now owns 2,217,257 shares of the company’s stock worth $1,173,262,000 after buying an additional 462,038 shares during the last quarter.

GE Vernova Stock Down 0.6%

GE Vernova stock opened at $874.61 on Thursday. The business’s 50-day simple moving average is $716.98 and its 200 day simple moving average is $645.60. The stock has a market cap of $235.73 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 3.50 and a beta of 1.67. GE Vernova Inc. has a 12-month low of $252.25 and a 12-month high of $894.93.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS. As a group, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be issued 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, March 17th. GE Vernova’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Evercore lifted their target price on shares of GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Susquehanna raised their price target on GE Vernova from $800.00 to $820.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Jefferies Financial Group reissued a “buy” rating and issued a $930.00 price objective on shares of GE Vernova in a research note on Thursday, January 29th. Wall Street Zen upgraded GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Bank of America upped their price target on shares of GE Vernova from $725.00 to $804.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $788.24.

Key GE Vernova News

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

• Positive Sentiment: Short interest fell sharply in February (down ~14.7% to 6.06M shares, ~2.3% of shares sold short; days-to-cover ~1.8), reducing immediate bearish pressure and the risk of short-driven volatility.
• Positive Sentiment: Multiple bullish media pieces are highlighting GEV as a primary beneficiary of AI-driven electricity demand and a structural energy upcycle, supporting investor appetite. Why GE Vernova Is The Market’s New Favorite Energy Play
• Positive Sentiment: Long-term buy thesis being promoted by retail/income-focused outlets citing surging demand from data centers and other large electricity consumers. 1 Brilliant Energy Stock to Buy Now and Hold for the Long Term
• Positive Sentiment: Analyst-theme coverage (Zacks/Yahoo) groups GEV with other energy names benefiting from AI power demand, which can attract thematic and momentum flows. Zacks Investment Ideas feature highlights: Bloom Energy, Excelerate Energy and GE Vernova
• Positive Sentiment: Coverage pointing to a potential “growth supercycle” tied to AI-related power needs and shareholder payouts, reinforcing a case for multi-year demand tailwinds. GE Vernova Growth Supercycle Tied To AI Power And Payouts
• Positive Sentiment: High-profile endorsement from media figures increases retail visibility and can boost short-term interest. I Trust GE Vernova (GEV) CEO, Says Jim Cramer
• Neutral Sentiment: Independent/critical write-up provides a deeper look at risks and fundamentals that some investors may weigh against the bullish narrative. GE Vernova (NYSE:GEV) and Montauk Renewables (NASDAQ:MNTK) Critical Analysis

GE Vernova Company 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.