Private Advisory Group LLC Buys 1,066 Shares of GE Vernova Inc. $GEV

Private Advisory Group LLC increased its stake in GE Vernova Inc. (NYSE:GEV) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,366 shares of the company’s stock after buying an additional 1,066 shares during the quarter. Private Advisory Group LLC’s holdings in GE Vernova were worth $12,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in GE Vernova during the second quarter valued at $25,569,630,000. State Street Corp lifted its holdings in shares of GE Vernova by 3.3% in the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company’s stock worth $13,828,380,000 after acquiring an additional 370,842 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of GE Vernova by 20.1% in the 1st quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock worth $2,267,949,000 after acquiring an additional 435,405 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth about $2,497,472,000. Finally, Jupiter Topco LLC purchased a new position in shares of GE Vernova during the 2nd quarter worth about $2,371,538,000.

GE Vernova Stock Performance

GEV stock opened at $818.25 on Friday. The firm has a market cap of $216.57 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.63 and a beta of 1.25. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month 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 business’s fifty day simple moving average is $915.80 and its two-hundred day simple moving average is $947.62.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $12.64 billion for the quarter, compared to analysts’ expectations of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 earnings per share. Analysts predict that GE Vernova Inc. will post 16.13 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 5.25%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GEV. Royal Bank Of Canada upped their price target on shares of GE Vernova from $1,225.00 to $1,230.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Argus reduced their price objective on shares of GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of GE Vernova from $1,035.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Wednesday. President Capital boosted their target price on GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Mizuho upped their target price on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Two equities 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,143.03.

Latest GE Vernova News

Here’s some of the latest news about GEV:

• Positive Sentiment: J.P. Morgan says GE Vernova could withstand a slowdown in AI spending and maintains an “overweight” rating. Its price target was lowered from $1,035 to $1,000, still indicating substantial potential upside from the cited share price. J.P. Morgan’s view on GE Vernova
• Neutral Sentiment: Third-quarter orders rose 96% year over year to $29 billion, but electrification orders fell 9%—a weakness that tempers the strong headline growth. GE Vernova’s orders and electrification results
• Neutral Sentiment: A technical analysis says the recent pullback is testing support, while analyst targets remain elevated; this frames the price action but does not establish that a rebound is assured. GEV price and support analysis

About GE Vernova

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century. The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.