GE Vernova Inc. $GEV Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer reduced its GE Vernova stake by 8.6% in the third quarter, selling 8,552 shares and retaining 90,519 shares valued at approximately $86.25 million. Other institutions, including Mirae Asset and Stevens Capital Partners, increased or initiated positions.
• Analyst sentiment remains broadly positive, with GE Vernova holding a consensus “Moderate Buy” rating and an average price target of $1,152.53, despite mixed target-price adjustments from firms including Susquehanna, Citigroup and HSBC.
• GE Vernova reported strong quarterly results, posting $4.81 in EPS and $12.64 billion in revenue, exceeding estimates and marking 26.8% year-over-year revenue growth. The company also announced a quarterly dividend of $0.50 per share, equivalent to a 0.2% annualized yield.

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 8.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 90,519 shares of the company's stock after selling 8,552 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in GE Vernova were worth $86,250,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Virtue Capital Management LLC raised its stake in GE Vernova by 3.6% in the 3rd quarter. Virtue Capital Management LLC now owns 4,762 shares of the company's stock worth $4,526,000 after acquiring an additional 164 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in GE Vernova in the third quarter worth $112,118,000. SFE Investment Counsel increased its position in shares of GE Vernova by 2.4% during the 3rd quarter. SFE Investment Counsel now owns 4,786 shares of the company's stock valued at $4,549,000 after purchasing an additional 111 shares during the period. Stevens Capital Partners increased its stake in GE Vernova by 34.5% in the 3rd quarter. Stevens Capital Partners now owns 421 shares of the company's stock valued at $400,000 after buying an additional 108 shares during the period. Finally, Vise Technologies Inc. grew its position in GE Vernova by 11.6% during the third quarter. Vise Technologies Inc. now owns 16,561 shares of the company's stock worth $15,741,000 after buying an additional 1,715 shares in the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research reports. Susquehanna reduced their price objective on GE Vernova from $1,270.00 to $1,250.00 and set a "positive" rating on the stock in a research report on Thursday. HSBC upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and raised their target price for the stock from $1,040.00 to $1,100.00 in a research note on Friday. Citigroup lowered their target price on shares of GE Vernova from $1,125.00 to $1,000.00 and set a "neutral" rating for the company in a research note on Thursday. President Capital upped their target price on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Finally, Mizuho boosted their target price on shares of GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,152.53.

GE Vernova Stock Performance

Shares of GEV opened at $854.58 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The firm has a 50-day moving average of $934.85 and a 200-day moving average of $940.34. The company has a market cap of $226.19 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The company's quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. As a group, equities analysts forecast that GE Vernova Inc. will post 16.05 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio is currently 5.25%.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

GE Vernova 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.

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.