GE Vernova Inc. $GEV Stock: Pictet Asset Management Holding SA Decreases Holdings

Pictet Asset Management Holding SA cut its stake in GE Vernova Inc. (NYSE:GEV) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,313 shares of the company’s stock after selling 9,001 shares during the quarter. Pictet Asset Management Holding SA’s holdings in GE Vernova were worth $181,842,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GEV. BlackRock Inc. bought a new stake in shares of GE Vernova during the 2nd quarter worth about $25,569,630,000. State Street Corp grew its stake in GE Vernova by 3.3% in the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after buying an additional 370,842 shares during the last quarter. Bank of America Corp DE bought a new position in GE Vernova in the 2nd quarter valued at about $2,961,612,000. Bank of New York Mellon Corp bought a new position in GE Vernova in the 2nd quarter valued at about $2,497,472,000. Finally, Jupiter Topco LLC bought a new position in GE Vernova in the 2nd quarter valued at about $2,371,538,000.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova’s backlog and order growth, along with three increases to its 2026 guidance, support the longer-term earnings outlook. The article also points to gas turbines as a potential source of future high-margin service revenue. Article: GE Vernova Is Up 18% in 2026 After Three Guidance Raises
• Positive Sentiment: Some investors view the stock’s decline as a potential buying opportunity, arguing that GE Vernova supplies power equipment Nvidia and other technology companies need, while the company continues to add orders. Article: GE Vernova Has Something Nvidia Needs Under a Democratic Congress
• Neutral Sentiment: Analyst views are mixed: one report noted an Argus Research Buy rating, while other recent coverage highlighted a downgrade and a pessimistic price outlook. This leaves uncertainty about whether the selloff has made GEV an attractive value. Article: GE Vernova Receives a Buy from Argus Research
• Negative Sentiment: A reported analyst downgrade contributed to a sharp decline in the shares, adding pressure to a stock already hit by a broader selloff in data-center-related names. Article: GE Vernova Shares Down 9.4% on Analyst Downgrade
• Negative Sentiment: Newly elected Democratic officials in Texas have pledged to pause approvals for large AI data-center projects, and proposals elsewhere could bring tighter energy, zoning, and environmental reviews. If projects are delayed, demand for the power generation and grid equipment GE Vernova sells could be affected. Article: GE Vernova Sees New Risks From AI Data Center Permitting Pause

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GEV shares. Citigroup cut their price objective on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Guggenheim decreased their target price on GE Vernova from $1,450.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Morgan Stanley lowered GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada increased their target price on GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Finally, Mizuho lifted their price target on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,144.20.

GE Vernova Trading Up 0.1%

GEV opened at $774.74 on Monday. The company has a 50-day simple moving average of $923.33 and a 200 day simple moving average of $944.61. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The stock has a market capitalization of $205.06 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.52 and a beta of 1.25.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The company had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. During the same quarter last year, the company posted $1.64 EPS. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. 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. Stockholders of record on Tuesday, October 27th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s payout ratio is 5.25%.

GE Vernova Profile

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.

GE Vernova serves utilities, power producers, grid operators and other customers around the world.