117,958 Shares of GE Vernova Inc. $GEV Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 117,958 GE Vernova shares in the third quarter, valued at approximately $112.1 million, while several other institutional investors also increased or initiated positions.
• GE Vernova reported a strong third quarter, with EPS of $4.81 versus the $4.03 consensus and revenue of $12.64 billion, up 26.8% year over year. Its backlog reached roughly $197 billion, supported by demand for gas turbines, grid equipment and AI data centers.
• The planned $9 billion acquisition of Trench Group could strengthen GE Vernova’s grid-equipment business, but investors remain concerned about order conversion, integration risks and mixed analyst views despite a Moderate Buy consensus rating.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 117,958 shares of the company's stock, valued at approximately $112,118,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GEV. B. Metzler seel. Sohn & Co. AG increased its stake in shares of GE Vernova by 37.7% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company's stock worth $27,116,000 after buying an additional 6,313 shares during the period. BG Investment Services LLC bought a new stake in GE Vernova during the 3rd quarter valued at $3,348,000. Citizens Financial Group Inc. RI bought a new stake in GE Vernova during the 2nd quarter valued at $8,337,000. Sapient Capital LLC boosted its position in GE Vernova by 31.4% during the 2nd quarter. Sapient Capital LLC now owns 76,038 shares of the company's stock valued at $89,372,000 after buying an additional 18,188 shares during the period. Finally, Processus Wealth & Capital Management LLC purchased a new stake in GE Vernova during the 2nd quarter valued at $2,699,000.

GE Vernova News Summary

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 Stock Performance

Shares of GEV 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 company has a 50-day simple moving average of $934.85 and a two-hundred day simple moving average of $940.34. The firm 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.

GE Vernova (NYSE:GEV - Get Free Report) last posted 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 firm had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter in the prior year, the business earned $1.64 EPS. The business's revenue for the quarter was up 26.8% on a year-over-year basis. On average, analysts anticipate that GE Vernova Inc. will post 16.05 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is currently 5.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. Glj Research increased their target price on shares of GE Vernova from $470.00 to $540.00 and gave the stock a "sell" rating in a report on Friday. Mizuho raised their target price on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Finally, Morgan Stanley cut GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned 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 stock has a consensus rating of "Moderate Buy" and an average target price of $1,152.53.

GE Vernova 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.

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