271,091 GE Vernova Inc. $GEV Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group increased its GE Vernova stake by 719.9% in the third quarter, purchasing 271,091 shares. It now holds 308,750 shares, valued at approximately $293.5 million.
• Analyst views are mostly positive: GE Vernova has a “Moderate Buy” consensus rating and an average price target of $1,143.03, though some analysts have downgraded the stock or lowered targets.
• Recent quarterly results beat estimates: earnings were $4.81 per share and revenue was $12.64 billion, up 26.8% year over year. The company also declared a $0.50 quarterly dividend.

Aberdeen Group plc increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 719.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,750 shares of the company's stock after buying an additional 271,091 shares during the period. Aberdeen Group plc owned about 0.12% of GE Vernova worth $293,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in GE Vernova in the 2nd quarter valued at $25,569,630,000. Bank of America Corp DE purchased a new position in GE Vernova in the 2nd quarter valued at $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the 2nd quarter worth $2,497,472,000. Jupiter Topco LLC acquired a new stake in GE Vernova during the 2nd quarter worth $2,371,538,000. Finally, Janus Henderson Group PLC boosted its stake in GE Vernova by 4,358.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company's stock worth $1,316,076,000 after purchasing an additional 1,485,712 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GEV shares. Evercore reissued an "outperform" rating and issued a $1,350.00 price target on shares of GE Vernova in a research note on Thursday, October 1st. Morgan Stanley downgraded shares of GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. Susquehanna reduced their price objective on GE Vernova from $1,270.00 to $1,250.00 and set a "positive" rating on the stock in a research report on Thursday, October 29th. Guggenheim dropped their target price on GE Vernova from $1,450.00 to $1,400.00 and set a "buy" rating for the company in a report on Monday, November 2nd. Finally, Argus cut their target price on GE Vernova from $1,300.00 to $1,100.00 and set a "buy" rating for the company in a research note on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average price target of $1,143.03.

Top GE Vernova Stories

These are some of the GEV stories that stood out recently:

• Positive Sentiment: The company reported new validation progress for hydrogen-ready aeroderivative turbines, supporting its push to serve lower-carbon power generation needs. Broader coverage also points to electricity demand, strong orders and a growing backlog as longer-term supports. Hydrogen turbine progress and nuclear project Demand, orders and backlog
• Positive Sentiment: Evercore ISI maintained its Buy rating and $1,350 price target, which the report described as 67% above the Nov. 11 close. That view may help support investor confidence after the stock’s retreat from its summer high. Evercore ISI outlook
• Negative Sentiment: Recent selling in GE Vernova and other power-related shares has been attributed to backlash and uncertainty around data-center and AI power demand. Separately, GLJ Research assigned the stock a Sell rating, providing a bearish counterpoint to Evercore’s stance. Data-center backlash GLJ Research Sell rating

GE Vernova Trading Down 1.9%

NYSE GEV opened at $803.17 on Friday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The firm has a 50-day moving average price of $913.05 and a 200 day moving average price of $948.17. The stock has a market capitalization of $212.58 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.67 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 issued its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) 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 the consensus estimate of $11.99 billion. During the same period in the prior year, the business posted $1.64 EPS. The company's revenue for the quarter was up 26.8% on a year-over-year basis. Equities research analysts expect that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Dividend Announcement

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