GE Vernova Inc. $GEV Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its GE Vernova stake by 18.7% in the third quarter, selling 1,199 shares and retaining 5,228 shares valued at approximately $4.97 million.
• GE Vernova shares opened at $927.29, with a market capitalization of about $247 billion. The stock trades at a P/E ratio of 45.71 and remains below its 52-week high of $1,195.94.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $1,164.87. The company recently reported revenue growth of 21.9% year over year, though quarterly EPS of $2.47 missed estimates, and it announced a $0.50 quarterly dividend.

Axxcess Wealth Management LLC lowered its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,228 shares of the company's stock after selling 1,199 shares during the quarter. Axxcess Wealth Management LLC's holdings in GE Vernova were worth $4,970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of GE Vernova in the 2nd quarter worth about $25,569,630,000. State Street Corp boosted its stake in shares of GE Vernova by 3.3% during the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company's stock worth $13,828,380,000 after purchasing an additional 370,842 shares during the period. Bank of America Corp DE purchased a new position in shares of GE Vernova during the 2nd quarter worth about $2,961,612,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova during the 2nd quarter worth about $2,497,472,000. Finally, Jupiter Topco LLC bought a new position in GE Vernova during the 2nd quarter valued at about $2,371,538,000.

GE Vernova Price Performance

Shares of GEV stock opened at $927.29 on Thursday. The company has a market capitalization of $246.97 billion, a P/E ratio of 45.71, a P/E/G ratio of 3.08 and a beta of 1.14. The company's 50-day simple moving average is $956.51 and its two-hundred day simple moving average is $1,002.79. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.

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

GE Vernova Dividend Announcement

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

Analyst Upgrades and Downgrades

GEV has been the topic of several analyst reports. William Blair reiterated an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Jefferies Financial Group reissued a "buy" rating and issued a $1,185.00 price objective (up from $1,155.00) on shares of GE Vernova in a research note on Thursday, September 17th. Weiss Ratings restated a "buy (b)" rating on shares of GE Vernova in a research report on Monday. Glj Research assumed coverage on GE Vernova in a research report on Monday, September 14th. They set a "sell" rating and a $470.00 target price for the company. Finally, Evercore reaffirmed an "outperform" rating and set a $1,350.00 target price on shares of GE Vernova in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and an average target price of $1,164.87.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Large backlog supports long-term growth. GE Vernova’s backlog has reportedly reached $176 billion and could approach $200 billion in early 2027. Recurring revenue and expected margin expansion may provide greater earnings visibility. GE Vernova's $176 Billion Backlog, Explained
• Positive Sentiment: New LNG-related agreements reinforce demand. Venture Global signed power agreements with GE Vernova and Baker Hughes to support LNG expansion, with the projects potentially enabling as much as 10 gigawatts of data-center capacity by 2034. VG Inks Power Agreements With GEV, BKR to Support LNG Growth
• Positive Sentiment: International orders add to its project pipeline. GE Vernova secured an order intended to strengthen regional electricity capacity in Côte d’Ivoire, supporting its positioning in emerging energy markets. GE Vernova Secures Côte d’Ivoire Order
• Positive Sentiment: Earnings expectations are supportive. Analysts and Zacks expect earnings growth and identify factors that could produce an earnings beat in the upcoming report, helping improve sentiment ahead of results. GE Vernova Earnings Expected to Grow
• Neutral Sentiment: Spain strategy highlights structural opportunity. GE Vernova outlined four pathways for Spain to achieve reliable, net-zero electricity by 2050, emphasizing grid upgrades, energy storage, and dependable generation. The announcement is strategically positive but does not disclose a specific contract or financial impact. GE Vernova Highlights Spain's Path to Reliable, Net-Zero Electricity
• Negative Sentiment: Recent weakness reflected profit-taking. A fund commentary described a third-quarter pullback as profit-taking despite sustained AI-related capital-spending demand. The stock also declined in the prior session, underscoring elevated volatility and the risk of further pressure if earnings or guidance disappoint. GE Vernova's Q3 Pullback Reflects Profit-Taking

GE Vernova Company Profile

GE Vernova Inc NYSE: GEV is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

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