1,361,584 GE Vernova Inc. $GEV Shares Purchased by Fisher Asset Management LLC

Key Points

• Fisher Asset Management increased its GE Vernova stake by 38.3%, buying 1,361,584 shares in the third quarter. It ended the quarter with 4.92 million shares, valued at about $4.68 billion.
• Analysts’ overall view was “Moderate Buy,” with a consensus price target of $1,143.03; ratings ranged from Sell to Strong Buy.
• GE Vernova reported quarterly earnings of $4.81 per share, above the $4.03 consensus, and revenue of $12.64 billion, up 26.8% year over year.

Fisher Asset Management LLC boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 38.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,921,063 shares of the company's stock after purchasing an additional 1,361,584 shares during the quarter. GE Vernova comprises approximately 1.4% of Fisher Asset Management LLC's investment portfolio, making the stock its 22nd largest holding. Fisher Asset Management LLC owned about 1.86% of GE Vernova worth $4,677,422,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Private Advisory Group LLC increased its holdings in GE Vernova by 8.7% during the third quarter. Private Advisory Group LLC now owns 13,366 shares of the company's stock worth $12,704,000 after buying an additional 1,066 shares during the last quarter. Legacy Trust purchased a new position in GE Vernova in the third quarter valued at approximately $407,000. PBU The Pension Fund of Early Childhood & Youth Educators lifted its stake in GE Vernova by 15.8% in the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 37,685 shares of the company's stock valued at $35,819,000 after purchasing an additional 5,142 shares during the last quarter. Werba Rubin Papier Wealth Management grew its holdings in GE Vernova by 9.6% during the third quarter. Werba Rubin Papier Wealth Management now owns 638 shares of the company's stock valued at $607,000 after purchasing an additional 56 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its holdings in GE Vernova by 30.6% during the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 538 shares of the company's stock valued at $511,000 after purchasing an additional 126 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently 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. HSBC upgraded GE Vernova from a "hold" rating to a "buy" rating and boosted their price objective for the company from $1,040.00 to $1,100.00 in a research note on Friday, October 30th. Sanford C. Bernstein reiterated an "outperform" rating and set a $1,298.00 target price on shares of GE Vernova in a research report on Wednesday, October 28th. Evercore reiterated an "outperform" rating and issued a $1,350.00 target price on shares of GE Vernova in a research note on Thursday, October 1st. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price target on shares of GE Vernova in a research report on Thursday, October 29th. 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 given a Sell rating to the company. According to data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $1,143.03.

Trending Headlines about GE Vernova

Investors following GEV have been watching these headlines:

• 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
• Negative Sentiment: GLJ Research issued a “sell” rating, adding a bearish analyst view amid the pullback. GLJ Research sell rating

GE Vernova Trading Up 1.2%

Shares of GEV opened at $818.25 on Friday. The business's 50-day moving average price is $915.80 and its 200-day moving average price is $947.62. 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 cap of $216.57 billion, a PE ratio of 21.47, a P/E/G ratio of 2.63 and a beta of 1.25. 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 (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The company had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. GE Vernova's revenue was up 26.8% compared to the same quarter last year. During the same period last year, the business earned $1.64 earnings per share. On average, equities analysts forecast that GE Vernova Inc. will post 16.13 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. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova's dividend payout ratio (DPR) is presently 5.25%.

GE Vernova Company 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.

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