GE Vernova Inc. $GEV Holdings Trimmed by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its GE Vernova stake by 42.5% in the third quarter, selling 95,367 shares and retaining 129,162 shares valued at approximately $122.8 million.
• GE Vernova’s outlook is supported by strong demand for gas turbines, grid equipment and data-center infrastructure, including a potential agreement to supply up to 16 gas-fired power units for Venture Global projects.
• The stock opened at $919.18, below its 50- and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with a $1,164.87 target, despite the company’s latest quarterly EPS falling short of estimates.

Assenagon Asset Management S.A. trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 42.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,162 shares of the company's stock after selling 95,367 shares during the period. Assenagon Asset Management S.A.'s holdings in GE Vernova were worth $122,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mystic Asset Management Inc. boosted its stake in shares of GE Vernova by 2.5% during the 3rd quarter. Mystic Asset Management Inc. now owns 2,266 shares of the company's stock worth $2,154,000 after acquiring an additional 55 shares in the last quarter. WealthPLAN Partners LLC lifted its position in GE Vernova by 10.8% during the 3rd quarter. WealthPLAN Partners LLC now owns 637 shares of the company's stock worth $606,000 after acquiring an additional 62 shares during the last quarter. Ninety One UK Ltd acquired a new position in GE Vernova during the 3rd quarter worth $837,000. State of Alaska Department of Revenue boosted its holdings in GE Vernova by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 27,272 shares of the company's stock valued at $25,920,000 after acquiring an additional 942 shares during the period. Finally, Charles Schwab Trust Co boosted its holdings in GE Vernova by 16.9% during the third quarter. Charles Schwab Trust Co now owns 214 shares of the company's stock valued at $203,000 after acquiring an additional 31 shares during the period.

GE Vernova News Roundup

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

• Positive Sentiment: Large Venture Global power agreement: GE Vernova and Baker Hughes agreed to supply equipment for up to 16 gas-fired power units, each with 720 megawatts of capacity. The projects could support LNG facilities and future AI data centers, although the reported $17.2 billion value represents a maximum opportunity rather than a fully committed order. Venture Global inks deals with GE Vernova, Baker Hughes for power expansion
• Positive Sentiment: AI-related electricity demand supports the growth story: GE Vernova’s gas-turbine backlog reportedly reached 116 gigawatts, while data-center orders exceeded $5 billion earlier in 2026. Its ability to provide generation, grid equipment and data-center power infrastructure could create recurring revenue opportunities as electricity demand rises. GE Vernova: AI's Next Bottleneck Is Electricity
• Positive Sentiment: Some analysts remain bullish: Guggenheim initiated or reiterated a Buy rating, while another analyst sees substantial upside ahead of third-quarter results. Recent coverage also points to higher revenue and free-cash-flow guidance and strong organic order growth. GE Vernova Earns Buy Rating from Guggenheim
• Neutral Sentiment: Wind-business leadership change: GE Vernova will begin 2027 with a new CEO for its Wind business. The change may be intended to support execution but introduces a leadership-transition factor for investors to monitor. GE Vernova to start 2027 with new Wind CEO
• Negative Sentiment: Susquehanna lowered its expectations for GEV’s stock price: The target reduction reinforced near-term valuation concerns and was followed by a sharp decline in the shares. Selling was also amplified by a broader pullback in AI-related infrastructure stocks. Susquehanna Has Lowered Expectations for GE Vernova Stock Price

GE Vernova Stock Performance

NYSE GEV opened at $919.18 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The firm has a market cap of $244.80 billion, a price-to-earnings ratio of 47.56, a PEG ratio of 3.21 and a beta of 1.14. The company has a 50 day moving average of $962.80 and a 200-day moving average of $1,001.08. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The firm's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. On average, equities analysts forecast that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is 5.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group upgraded GE Vernova from a "buy" rating to a "market outperform" rating in a research note on Monday, September 14th. Susquehanna decreased their target price on GE Vernova from $1,300.00 to $1,270.00 and set a "positive" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on GE Vernova from $1,330.00 to $1,150.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Mizuho raised their target price on GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Evercore reaffirmed an "outperform" rating and issued a $1,350.00 price target on shares of GE Vernova in a research report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,164.87.

GE Vernova Profile

GE Vernova Inc NYSE: GEV is an energy technology company formed through the separation of General Electric's energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.

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