Nippon Life Global Investors Americas Inc. Sells 31,460 Shares of GE Vernova Inc. $GEV

Nippon Life Global Investors Americas Inc. decreased its holdings in GE Vernova Inc. (NYSE:GEV) by 60.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,500 shares of the company’s stock after selling 31,460 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in GE Vernova were worth $19,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of GE Vernova during the third quarter valued at about $112,118,000. SFE Investment Counsel grew its holdings in shares of GE Vernova by 2.4% during the third quarter. SFE Investment Counsel now owns 4,786 shares of the company’s stock valued at $4,549,000 after buying an additional 111 shares during the last quarter. Stevens Capital Partners increased its position in shares of GE Vernova by 34.5% in the 3rd quarter. Stevens Capital Partners now owns 421 shares of the company’s stock valued at $400,000 after acquiring an additional 108 shares during the period. Vise Technologies Inc. raised its stake in GE Vernova by 11.6% in the 3rd quarter. Vise Technologies Inc. now owns 16,561 shares of the company’s stock worth $15,741,000 after acquiring an additional 1,715 shares during the last quarter. Finally, Grandfield & Dodd LLC raised its stake in GE Vernova by 8.3% in the 3rd quarter. Grandfield & Dodd LLC now owns 5,124 shares of the company’s stock worth $4,870,000 after acquiring an additional 392 shares during the last quarter.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

GE Vernova Trading Down 0.4%

GEV stock opened at $854.58 on Monday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market cap of $226.19 billion, a P/E ratio of 22.42, a PEG ratio of 2.91 and a beta of 1.25. The company’s 50-day simple moving average is $934.85 and its 200-day simple moving average is $940.34.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. GE Vernova’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 EPS. As a group, equities analysts forecast that GE Vernova Inc. will post 16.05 EPS for the current fiscal year.

GE Vernova Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Oppenheimer reissued an “outperform” rating on shares of GE Vernova in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on GE Vernova from $1,150.00 to $1,035.00 and set an “overweight” rating for the company in a research note on Thursday. President Capital lifted their target price on GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, HSBC upgraded GE Vernova from a “hold” rating to a “buy” rating and upped their target price for the company from $1,040.00 to $1,100.00 in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,152.53.

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.