Bank of Nova Scotia Acquires 106,038 Shares of GE Vernova Inc. $GEV

Key Points

• Bank of Nova Scotia boosted its GE Vernova stake by 179.7% in Q3, buying 106,038 shares to hold 165,059 shares (about 0.06% of the company) valued at roughly $101.5 million at quarter-end.
• GE Vernova reported a major earnings beat (Q EPS $13.39 vs. $2.99 est.) and revenue outperformance, prompting multiple analyst target upgrades (average target ≈ $831) amid a growing gas‑turbine backlog; the company also announced a $0.50 quarterly dividend.

Bank of Nova Scotia increased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 179.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,059 shares of the company's stock after purchasing an additional 106,038 shares during the period. Bank of Nova Scotia owned approximately 0.06% of GE Vernova worth $101,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc grew its stake in shares of GE Vernova by 6.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the company's stock valued at $135,000 after purchasing an additional 16 shares during the period. Northwest Wealth Management LLC lifted its position in shares of GE Vernova by 3.6% during the 3rd quarter. Northwest Wealth Management LLC now owns 465 shares of the company's stock worth $286,000 after buying an additional 16 shares during the period. Traphagen Investment Advisors LLC boosted its stake in GE Vernova by 1.2% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 1,418 shares of the company's stock valued at $872,000 after buying an additional 17 shares in the last quarter. Navigoe LLC boosted its stake in GE Vernova by 20.2% in the 3rd quarter. Navigoe LLC now owns 101 shares of the company's stock valued at $62,000 after buying an additional 17 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its position in GE Vernova by 47.2% in the third quarter. Elevation Wealth Partners LLC now owns 53 shares of the company's stock valued at $33,000 after acquiring an additional 17 shares during the period.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Management and industry reports say gas-turbine demand is surging and the backlog is growing toward ~$200B by 2028, underpinning revenue visibility and analyst upgrades. GE Vernova Expands Power Role As AI And Grid Backlog Swell
• Positive Sentiment: Analysts have been raising estimates and targets on AI-driven gas-turbine demand and a reported ~$150B backlog, supporting momentum and revisions higher to revenue/earnings forecasts. A Look At GE Vernova (GEV) Valuation After AI Driven Upgrades And US$150b Backlog
• Positive Sentiment: High-profile bullish commentary from Jim Cramer (saying he likes the stock and would buy) can boost retail interest and liquidity in the short term. Jim Cramer on GE Vernova: "I like the stock very much"
• Neutral Sentiment: GE Vernova is expanding manufacturing and supply capacity (Vietnam, Italy, wind facilities) to meet demand — capex and execution will determine margin leverage and timing of revenue realization. Can GE Vernova's Capacity Expansion Power the Global Energy Transition?
• Negative Sentiment: Valuation and profitability concerns: independent analysis flags GEV's rich multiples versus industrial peers and weaker operating margins, suggesting limited upside if growth slows. That supports short-term profit-taking. Is GEV Stock A Better Pick Than Honeywell And Eaton?
• Negative Sentiment: High past gains and recent run-up (strong YTD performance) raise the risk of short-term volatility and pullbacks as some investors lock in gains despite long-term demand signals. GE Vernova: Road To $1,000 As Estimate Revisions Keep Climbing

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup increased their price objective on GE Vernova from $708.00 to $779.00 and gave the stock a "neutral" rating in a research note on Thursday, January 29th. Bank of America boosted their target price on shares of GE Vernova from $725.00 to $804.00 and gave the company a "buy" rating in a research note on Wednesday, December 10th. Susquehanna upped their target price on shares of GE Vernova from $800.00 to $820.00 and gave the stock a "positive" rating in a report on Thursday, January 29th. Royal Bank Of Canada increased their target price on shares of GE Vernova from $761.00 to $800.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company lifted their price target on shares of GE Vernova from $717.00 to $831.00 and gave the company an "overweight" rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $831.29.

GE Vernova Price Performance

GEV opened at $804.45 on Friday. The stock has a market capitalization of $216.82 billion, a P/E ratio of 45.19, a price-to-earnings-growth ratio of 3.20 and a beta of 1.45. The company's 50 day simple moving average is $759.92 and its 200-day simple moving average is $663.84. GE Vernova Inc. has a one year low of $252.25 and a one year high of $894.93.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, topping the consensus estimate of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion during the quarter, compared to analysts' expectations of $10.21 billion. During the same quarter in the previous year, the company posted $1.73 EPS. GE Vernova's revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's payout ratio is presently 11.24%.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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