GE Vernova Inc. $GEV Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,958 shares of the company’s stock, valued at approximately $112,118,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of GE Vernova during the second quarter valued at approximately $25,569,630,000. State Street Corp lifted its holdings in shares of GE Vernova by 3.3% during 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 bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $2,961,612,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $2,497,472,000. Finally, Jupiter Topco LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $2,371,538,000.

Key Stories Impacting GE Vernova

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 3.7%

GE Vernova stock opened at $854.58 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The stock has a market capitalization of $226.19 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The business’s fifty day moving average is $934.85 and its 200 day moving average is $940.34.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. GE Vernova’s revenue was up 26.8% on a year-over-year basis. On average, sell-side analysts predict that GE Vernova Inc. will post 16.05 EPS for the current year.

GE Vernova Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GEV shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 price objective on shares of GE Vernova in a research report on Thursday. Mizuho lifted their price objective on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. HSBC raised GE Vernova from a “hold” rating to a “buy” rating and increased their target price for the stock from $1,040.00 to $1,100.00 in a research note on Friday. Finally, TD Cowen reduced their price target on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Vernova 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.