GE Vernova Inc. $GEV Shares Purchased by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia increased its GE Vernova stake by 12.1% in the first quarter, ending with 52,284 shares valued at about $45.6 million.
• GE Vernova reported mixed quarterly results: revenue rose 21.9% year over year to $11.1 billion, but EPS of $2.47 missed Wall Street estimates by $0.70, helping pressure the stock.
• Analysts remain broadly upbeat despite the earnings miss, citing strong demand from AI data centers, electrification, and grid expansion, with several firms raising price targets and the consensus rating at Moderate Buy.

Bank of Nova Scotia boosted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 12.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,284 shares of the company's stock after acquiring an additional 5,644 shares during the period. Bank of Nova Scotia's holdings in GE Vernova were worth $45,639,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new position in shares of GE Vernova during the 4th quarter worth $25,000. Wealth Watch Advisors INC purchased a new position in shares of GE Vernova during the third quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth $26,000. Manning & Napier Advisors LLC grew its holdings in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock valued at $26,000 after buying an additional 13 shares during the period. Finally, ORG Wealth Partners LLC increased its position in GE Vernova by 241.7% during the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company's stock worth $27,000 after purchasing an additional 29 shares during the last quarter.

GE Vernova News Summary

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

• Positive Sentiment: Analysts at JPMorgan, Morgan Stanley, TD Cowen, and Evercore ISI reiterated bullish views and lifted price targets, signaling confidence in GE Vernova’s long-term growth and backlog strength.
• Positive Sentiment: Multiple reports highlighted robust demand tied to AI data centers, electrification, and grid expansion, with backlog cited around $176 billion and orders still growing rapidly.
• Positive Sentiment: Q2 revenue growth and improved 2026 guidance suggest the core business is still expanding, even as investors focus on the earnings miss. Revenue Growth & Margin Expansion Aid GEV's Q2: More Upside Ahead?
• Neutral Sentiment: Trading-oriented coverage said GEV briefly showed bullish order-flow signals and hit an intraday high, which may have helped offset some of the post-earnings weakness, but this looks more technical than fundamental.
• Negative Sentiment: GE Vernova missed core profit estimates and wind weakness persisted, which is the main reason the stock has been sliding despite otherwise strong demand metrics. GE Vernova misses core profit estimates as Wind weakness persists
• Negative Sentiment: Several articles noted the stock fell sharply after earnings as investors focused on the EPS miss rather than the strong order book, suggesting near-term volatility may continue.

GE Vernova Trading Down 1.7%

NYSE:GEV opened at $1,013.23 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.65 and a current ratio of 0.85. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The stock's 50 day moving average price is $1,034.45 and its 200 day moving average price is $922.04. The company has a market capitalization of $272.28 billion, a P/E ratio of 29.00, a P/E/G ratio of 3.78 and a beta of 1.09.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter last year, the business earned $1.86 earnings per share. GE Vernova's quarterly revenue was up 21.9% on a year-over-year basis. On average, research analysts forecast that GE Vernova Inc. will post 15.14 EPS for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's payout ratio is 5.72%.

Insiders Place Their Bets

In other news, CEO Victor Abate sold 4,819 shares of GE Vernova stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $948.08, for a total transaction of $4,568,797.52. Following the sale, the chief executive officer directly owned 1,835 shares in the company, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew Joseph Potvin sold 2,333 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the sale, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GEV shares. The Goldman Sachs Group restated a "buy" rating and issued a $1,328.00 price objective on shares of GE Vernova in a report on Friday, April 24th. Morgan Stanley upped their target price on shares of GE Vernova from $1,250.00 to $1,350.00 and gave the company an "overweight" rating in a research note on Thursday. Sanford C. Bernstein increased their price objective on shares of GE Vernova from $1,206.00 to $1,298.00 and gave the stock an "outperform" rating in a research note on Thursday. Mizuho set a $949.00 target price on shares of GE Vernova in a research report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,133.15.

GE Vernova 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.