GE Vernova Inc. $GEV Holdings Raised by Welch & Forbes LLC

Key Points

• Welch & Forbes increased its GE Vernova stake by 95.4% in the third quarter, adding 10,184 shares to reach 20,856 shares valued at about $19.8 million.
• GE Vernova reported quarterly EPS of $4.81, above the $4.03 consensus, and revenue of $12.64 billion, up 26.8% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $1,144.20.
• The company announced a quarterly dividend of $0.50 per share, equivalent to $2.00 annualized and a 0.2% yield. Recent business developments included wind-turbine and grid-transmission projects, while coverage also highlighted acquisition and customer-demand risks.

Welch & Forbes LLC grew its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 95.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,856 shares of the company's stock after acquiring an additional 10,184 shares during the quarter. Welch & Forbes LLC's holdings in GE Vernova were worth $19,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in GE Vernova in the 2nd quarter valued at $25,569,630,000. State Street Corp raised its position in shares of GE Vernova by 3.3% in 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 period. Bank of America Corp DE bought a new stake in GE Vernova during the 2nd quarter valued at $2,961,612,000. Bank of New York Mellon Corp purchased a new stake in GE Vernova during the 2nd quarter worth about $2,497,472,000. Finally, Jupiter Topco LLC bought a new stake in GE Vernova during the 2nd quarter worth approximately $2,371,538,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GEV shares. Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. BNP Paribas Exane cut their price objective on GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating for the company in a report on Thursday, August 20th. Morgan Stanley cut shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. The Goldman Sachs Group upgraded shares of GE Vernova from a "buy" rating to a "market outperform" rating in a research report on Monday, September 14th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 target price on shares of GE Vernova in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,144.20.

GE Vernova Price Performance

GEV opened at $829.47 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $219.54 billion, a P/E ratio of 21.77, a PEG ratio of 2.71 and a beta of 1.25. The stock has a 50-day moving average price of $921.67 and a 200-day moving average price of $945.42. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to analysts' expectations of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. GE Vernova's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS. Equities analysts predict that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

More GE Vernova News

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

• Positive Sentiment: GE Vernova won its sixth project with Stadtwerke Heidenheim, agreeing to supply three onshore turbines for a German wind farm and provide 20 years of maintenance. The deal supports recurring service revenue, though its financial terms were not disclosed. GE Vernova Lands Wind Turbine Order With 20-Year Service Deal
• Positive Sentiment: Investors also had a broader demand catalyst: Constellation Energy raised its 2026 guidance and announced data-center deals, helping ease concerns that a potential data-center construction slowdown would curb electricity demand. GE Vernova could benefit from continued investment in power generation. GE Vernova Soars as Constellation Raises Guidance
• Positive Sentiment: The company was also selected for a 6-GW high-voltage direct-current transmission corridor in India, a large infrastructure project booked in the fourth quarter. GE Vernova to Support India’s Energy Transition With 6-GW HVDC Transmission Project
• Neutral Sentiment: Reports of a tight market for gas turbines, with new U.S. equipment reportedly taking years to deliver, underscore potential demand for GE Vernova’s products, but do not guarantee additional orders. Shortage of Turbines Drives Market for Second-Hand Market for AI Data Centers
• Negative Sentiment: A separate analysis flagged a $9 billion acquisition as a complication for the company’s valuation and cash-flow outlook, keeping deal-related risks on investors’ radar. GE Vernova Share Price and $9B Acquisition Outlook
• Negative Sentiment: Elon Musk’s claim that SoftBank is defaulting on turbine orders raises a potential customer-demand concern, although the reports do not establish the impact on GE Vernova’s own orders. SoftBank Turbine Orders Warning for GE Vernova

About GE Vernova

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.

GE Vernova serves utilities, power producers, grid operators and other customers around the world.

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