GE Vernova Inc. $GEV Stock: D.A. Davidson & CO. Increases Position

Key Points

• D.A. Davidson increased its GE Vernova stake by 28.1% in the third quarter, ending the period with 18,668 shares valued at approximately $17.7 million. Other major institutions, including BlackRock, Bank of America and Bank of New York Mellon, also established or expanded positions.
• GE Vernova reported quarterly earnings of $4.81 per share and revenue of $12.64 billion, exceeding analyst estimates; revenue rose 26.8% year over year. The company also raised its outlook and cited strong demand, including from AI data centers.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $1,148.20, though concerns remain about order bookings and the pace of converting reservations into firm orders.

D.A. Davidson & CO. lifted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 28.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,668 shares of the company's stock after acquiring an additional 4,098 shares during the period. D.A. Davidson & CO.'s holdings in GE Vernova were worth $17,744,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in GE Vernova in the second quarter valued at about $25,569,630,000. State Street Corp lifted its position in shares of GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company's stock valued at $13,828,380,000 after buying an additional 370,842 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of GE Vernova during the second quarter valued at about $2,961,612,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova during the second quarter valued at about $2,497,472,000. Finally, Jupiter Topco LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at about $2,371,538,000.

GE Vernova Trading Up 1.4%

Shares of NYSE:GEV opened at $889.93 on Friday. The business's 50-day moving average is $937.07 and its 200 day moving average is $939.27. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The firm has a market capitalization of $237.02 billion, a P/E ratio of 23.35, a P/E/G ratio of 3.04 and a beta of 1.14. 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 (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The business 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 last year, the company earned $1.64 earnings per share. On average, research analysts predict that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

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

Key GE Vernova News

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

• Positive Sentiment: GE Vernova reported third-quarter adjusted earnings of $4.81 per share, well above the $4.03 consensus estimate, while revenue of $12.64 billion exceeded expectations by roughly $650 million and rose 26.8% year over year. GE Vernova Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its full-year outlook for a third consecutive quarter, supported by a record $197 billion backlog, strong Power and Electrification performance, and orders that reportedly nearly doubled year over year. The company also increased its share-repurchase authorization. GE Vernova's $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: Demand from artificial-intelligence data centers is driving higher gas-turbine pricing and long-term capacity reservations, potentially improving margins and visibility. GE Vernova’s Trench acquisition should also expand its high-voltage grid portfolio and exposure to accelerating grid-modernization spending. GE Vernova to Acquire Trench Group
• Neutral Sentiment: Analyst views remain broadly constructive but mixed. Susquehanna maintained a Positive rating with a $1,250 target, while JPMorgan and Citi reduced their targets to $1,035 and $1,000, respectively. Both lower targets still imply upside from the referenced price. 38% Upside for GE Vernova? Susquehanna Thinks So
• Negative Sentiment: The main overhang is that new order signings and new production-slot bookings fell short of elevated investor expectations. That has prompted questions about backlog conversion and quality, limiting the market’s response to the earnings beat and guidance increase. GE Vernova’s Reservations Are Turning Into Real Orders

Analyst Ratings Changes

A number of research analysts have recently issued reports on GEV shares. Susquehanna cut their price objective on shares of GE Vernova from $1,270.00 to $1,250.00 and set a "positive" rating on the stock in a research report on Thursday. Guggenheim reiterated a "buy" rating and set a $1,450.00 price objective on shares of GE Vernova in a research note on Tuesday, October 13th. The Goldman Sachs Group raised shares of GE Vernova from a "buy" rating to a "market outperform" rating in a research report on Monday, September 14th. Mizuho increased their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, William Blair restated an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $1,148.20.

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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