NBT Bank N.A. Buys New Shares in GE Vernova Inc. $GEV

Key Points

• NBT Bank acquired 1,567 GE Vernova shares during the third quarter, valued at approximately $1.49 million. Several major institutions, including BlackRock, State Street and Bank of America, also hold significant positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,164.87, despite some recent target-price reductions.
• GE Vernova reported revenue growth of 21.9% year over year but missed quarterly EPS expectations. Its shares opened at $814.37, well below the 52-week high of $1,195.94, while the company announced a quarterly dividend of $0.50 per share.

NBT Bank N.A. purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,567 shares of the company's stock, valued at approximately $1,489,000.

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

Wall Street Analysts Forecast Growth

GEV has been the subject of several recent analyst reports. BNP Paribas Exane decreased their target price on shares of GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating for the company in a report on Thursday, August 20th. Guggenheim restated a "buy" rating and set a $1,450.00 price target on shares of GE Vernova in a report on Tuesday, October 13th. BMO Capital Markets restated an "outperform" rating and issued a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a research report on Friday, August 7th. Oppenheimer upped their price target on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Finally, Susquehanna decreased their price objective on shares of GE Vernova from $1,300.00 to $1,270.00 and set a "positive" rating for the company in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,164.87.

GE Vernova Stock Performance

GEV stock opened at $814.37 on Friday. The firm has a 50 day simple moving average of $947.07 and a 200 day simple moving average of $1,000.96. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The stock has a market cap of $216.89 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.86 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85.

GE Vernova (NYSE:GEV - Get Free Report) last issued its 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). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same period last year, the business earned $1.86 EPS. The company's quarterly revenue was up 21.9% on a year-over-year basis. Research analysts anticipate that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be given 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 is presently 5.72%.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova entered multiyear agreements with Venture Global and Baker Hughes covering up to 16 power-island units and transformer equipment. The systems are intended to provide behind-the-meter power for LNG facilities and planned AI data centers, supporting the company’s backlog and exposure to rising electricity demand. Why Is GE Vernova Tied To 16 Off Grid Power Units?
• Positive Sentiment: BMO Capital and Bank of America Securities reportedly maintained or issued Buy views on GEV, while several recent analyses highlighted long-term growth from grid modernization, electrification and expanding power demand. GE Vernova Gets a Buy from BMO Capital
• Neutral Sentiment: Investors are awaiting GE Vernova’s third-quarter 2026 results, with analysts focused on revenue, margins, orders and other operating metrics. The earnings report could clarify whether demand from data centers and broader power infrastructure is translating into profitable growth. Seeking Clues to GE Vernova Q3 Earnings
• Negative Sentiment: GEV fell sharply alongside Vertiv, Bloom Energy and Eaton after Meta’s larger AI spending outlook raised concerns about how data-center expansion will be financed. The move suggests investors are questioning the sustainability, timing and returns of AI infrastructure orders, even though long-term demand remains strong. GE Vernova Slumps as Meta Spending Outlook Stokes AI Financing Worries
• Negative Sentiment: Erste Group slightly reduced its 2027 EPS forecast to $24.36 from $24.55. The modest cut adds to execution concerns, particularly after GE Vernova’s prior quarterly EPS missed expectations despite stronger-than-expected revenue. GE Vernova Earnings Estimate Revision

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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