GE Vernova Inc. $GEV Stock: Compass Financial Management LLC Lowers Position

Key Points

• Compass Financial Management cut its GE Vernova stake by 39.6% in the third quarter, selling 2,650 shares and retaining 4,039 shares valued at about $3.84 million.
• GE Vernova reported quarterly EPS of $4.81, beating the $4.03 consensus, while revenue rose 26.8% year over year to $12.64 billion.
• The stock was reported down 9.4% amid a broader selloff in data-center-related shares; analysts remain broadly positive, with a “Moderate Buy” consensus and an average $1,144.20 price target.

Compass Financial Management LLC lowered its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 39.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,039 shares of the company's stock after selling 2,650 shares during the period. Compass Financial Management LLC's holdings in GE Vernova were worth $3,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GEV. Rakuten Investment Management Inc. boosted its holdings in shares of GE Vernova by 9.0% during the 3rd quarter. Rakuten Investment Management Inc. now owns 48,069 shares of the company's stock worth $46,266,000 after purchasing an additional 3,961 shares during the last quarter. Westhampton Capital LLC boosted its position in shares of GE Vernova by 2.1% during the 3rd quarter. Westhampton Capital LLC now owns 574 shares of the company's stock valued at $546,000 after acquiring an additional 12 shares during the last quarter. MFG Investments LLC purchased a new stake in shares of GE Vernova in the third quarter valued at about $489,000. AIA Group Ltd grew its holdings in shares of GE Vernova by 29.0% in the third quarter. AIA Group Ltd now owns 4,779 shares of the company's stock valued at $4,542,000 after purchasing an additional 1,075 shares during the period. Finally, Third View Private Wealth LLC grew its holdings in shares of GE Vernova by 6.9% in the third quarter. Third View Private Wealth LLC now owns 774 shares of the company's stock valued at $736,000 after purchasing an additional 50 shares during the period.

GE Vernova Stock Down 9.4%

Shares of NYSE GEV opened at $832.02 on Thursday. The stock has a market cap of $220.22 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.25. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The business has a 50-day moving average price of $930.57 and a 200 day moving average price of $943.71. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

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

GE Vernova Announces Dividend

The company 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. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova's dividend payout ratio (DPR) is presently 5.25%.

GE Vernova News Roundup

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

• Positive Sentiment: Bernstein reaffirmed its Buy rating, arguing that worries about political obstacles to U.S. data-center construction may be overdone. That view supports the case for continued demand for power equipment. Bernstein Reaffirms Their Buy Rating on GE Vernova
• Positive Sentiment: BMO sees substantial potential upside, citing GE Vernova’s exposure to demand for electricity and related infrastructure. BMO Sees 39% Upside
• Neutral Sentiment: Argus kept its Buy rating but cut its price target to $1,100 from $1,300, signaling continued optimism alongside a more cautious valuation outlook. Argus Buy Rating
• Neutral Sentiment: GE Vernova’s planned $9 billion purchase of Trench Group would expand its grid-equipment business, potentially helping address constraints in delivering electricity. The deal’s scale also brings execution and financial considerations. GE Vernova’s Trench Group Acquisition
• Negative Sentiment: The immediate pressure came from a broad selloff in data-center-related stocks, as investors reassessed AI infrastructure spending and the outlook for companies tied to it. Guggenheim also lowered its expectations for GEV, adding to concerns about near-term valuation. Data-Center Stock Selloff Guggenheim Lowers Expectations

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of GE Vernova from $1,125.00 to $1,000.00 and set a "neutral" rating on the stock in a research report on Thursday, October 29th. Oppenheimer reiterated an "outperform" rating on shares of GE Vernova in a report on Wednesday, October 28th. JPMorgan Chase & Co. cut their price objective on GE Vernova from $1,150.00 to $1,035.00 and set an "overweight" rating for the company in a research report on Thursday, October 29th. Morgan Stanley lowered GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $1,298.00 price objective on shares of GE Vernova in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,144.20.

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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