GE Vernova Inc. $GEV Stock Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management trimmed its GE Vernova stake by 4.5% in the third quarter, selling 9,001 shares. It held 191,313 shares, valued at about $181.8 million at quarter-end.
• GE Vernova reported quarterly EPS of $4.81, beating the $4.03 consensus estimate, while revenue of $12.64 billion exceeded forecasts and rose 26.8% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $1,144.20; the company also announced a quarterly dividend of $0.50 per share.

Pictet Asset Management Holding SA cut its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 4.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 191,313 shares of the company's stock after selling 9,001 shares during the period. Pictet Asset Management Holding SA owned about 0.07% of GE Vernova worth $181,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GEV. BlackRock Inc. acquired a new stake in GE Vernova in the 2nd quarter valued at $25,569,630,000. Bank of America Corp DE bought a new stake in GE Vernova during the 2nd quarter worth about $2,961,612,000. Bank of New York Mellon Corp bought a new stake in GE Vernova during the 2nd quarter worth about $2,497,472,000. Jupiter Topco LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $2,371,538,000. Finally, Janus Henderson Group PLC boosted its stake in shares of GE Vernova by 4,358.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company's stock worth $1,316,076,000 after buying an additional 1,485,712 shares during the last quarter.

GE Vernova Stock Up 0.1%

Shares of GEV stock opened at $774.74 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The firm's 50-day moving average is $923.33 and its 200-day moving average is $944.61. The stock has a market cap of $205.06 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.52 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.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The business had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $11.99 billion. During the same period last year, the business posted $1.64 EPS. GE Vernova's revenue was up 26.8% on a year-over-year basis. Sell-side analysts predict that GE Vernova Inc. will post 16.13 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. Stockholders of record on Tuesday, October 27th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova's dividend payout ratio (DPR) is presently 5.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price objective on shares of GE Vernova in a report on Thursday, October 29th. William Blair reiterated an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Jefferies Financial Group reiterated a "buy" rating and set a $1,100.00 target price on shares of GE Vernova in a report on Thursday, October 29th. Sanford C. Bernstein reissued an "outperform" rating and set a $1,298.00 price target on shares of GE Vernova in a research report on Wednesday, October 28th. Finally, Oppenheimer restated an "outperform" rating on shares of GE Vernova in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,144.20.

GE Vernova News Summary

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

• Positive Sentiment: GE Vernova’s backlog and order growth, along with three increases to its 2026 guidance, support the longer-term earnings outlook. The article also points to gas turbines as a potential source of future high-margin service revenue. Article: GE Vernova Is Up 18% in 2026 After Three Guidance Raises
• Positive Sentiment: Some investors view the stock’s decline as a potential buying opportunity, arguing that GE Vernova supplies power equipment Nvidia and other technology companies need, while the company continues to add orders. Article: GE Vernova Has Something Nvidia Needs Under a Democratic Congress
• Neutral Sentiment: Analyst views are mixed: one report noted an Argus Research Buy rating, while other recent coverage highlighted a downgrade and a pessimistic price outlook. This leaves uncertainty about whether the selloff has made GEV an attractive value. Article: GE Vernova Receives a Buy from Argus Research
• Negative Sentiment: A reported analyst downgrade contributed to a sharp decline in the shares, adding pressure to a stock already hit by a broader selloff in data-center-related names. Article: GE Vernova Shares Down 9.4% on Analyst Downgrade
• Negative Sentiment: Newly elected Democratic officials in Texas have pledged to pause approvals for large AI data-center projects, and proposals elsewhere could bring tighter energy, zoning, and environmental reviews. If projects are delayed, demand for the power generation and grid equipment GE Vernova sells could be affected. Article: GE Vernova Sees New Risks From AI Data Center Permitting Pause

GE Vernova Company Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century.

The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.

GE Vernova serves utilities, power producers, grid operators and other customers around the world.

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