Generali Asset Management SPA SGR Buys 1,654 Shares of GE Vernova Inc. $GEV

Generali Asset Management SPA SGR boosted its stake in GE Vernova Inc. (NYSE:GEV) by 10.2% during the third quarter, Holdings Channel reports. The institutional investor owned 17,823 shares of the company’s stock after buying an additional 1,654 shares during the period. Generali Asset Management SPA SGR’s holdings in GE Vernova were worth $16,941,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of GE Vernova during the second quarter worth approximately $25,569,630,000. State Street Corp grew its position in shares of 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 purchasing an additional 370,842 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of GE Vernova in the second quarter valued at approximately $2,961,612,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the second quarter worth approximately $2,497,472,000. Finally, Jupiter Topco LLC bought a new position in shares of GE Vernova during the second quarter worth approximately $2,371,538,000.

Key GE Vernova News

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

• Positive Sentiment: Strong power-demand trends support the outlook. AI-related electricity consumption, grid investment and broader electrification continue to drive demand for GE Vernova’s power-generation and grid equipment. The company’s approximately $176 billion backlog provides substantial future revenue visibility. GE Vernova Stocks Rise Before $176 Billion Backlog Test
• Positive Sentiment: New international gas-power order adds to the growth narrative. GE Vernova secured an order to supply a gas turbine and generator for a 372-megawatt combined-cycle power plant in Côte d’Ivoire, expanding its presence in a developing power market. GE Vernova Lands 372 MW Côte d’Ivoire Power Plant Order
• Positive Sentiment: Analyst support remains favorable. Bank of America maintained a Buy rating and a $1,310 price target, reinforcing bullish sentiment ahead of the earnings release. BofA Keeps Buy Rating for GE Vernova
• Neutral Sentiment: Earnings expectations are elevated. Analysts are examining projected revenue, earnings per share and operating metrics for the September quarter. Investors will likely pay particular attention to gigawatt orders, heavy-duty HA turbine shipments, service revenue and management’s full-year outlook. Exploring Analyst Estimates for GE Vernova Q3 Earnings
• Negative Sentiment: Valuation and execution risks could limit further gains. Wind-market weakness, tariff uncertainty and the possibility that strong results are already reflected in the stock price raise the risk of a sell-the-news reaction. ETF outflows also represent a modest near-term technical headwind. GE Vernova: The Biggest Risk Is Not Demand

GE Vernova Stock Performance

Shares of GEV stock opened at $897.17 on Wednesday. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The business has a fifty day simple moving average of $941.61 and a 200 day simple moving average of $936.70.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%.

Wall Street Analyst Weigh In

GEV has been the subject of several research reports. Wall Street Zen cut GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Glj Research started coverage on GE Vernova in a research note on Monday, September 14th. They issued a “sell” rating and a $470.00 price target for the company. Oppenheimer upped their price objective on GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and issued a $1,350.00 price objective on shares of GE Vernova in a report on Thursday, October 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $1,298.00 price objective (up from $1,206.00) on shares of GE Vernova in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $1,164.87.

GE Vernova Company 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.