Sumitomo Mitsui Trust Group Inc. Sells 30,195 Shares of GE Vernova Inc. $GEV

Key Points

• Sumitomo Mitsui Trust Group reduced its GE Vernova stake by 4.8%, selling 30,195 shares and retaining 601,673 shares valued at approximately $571.9 million.
• GE Vernova reported a strong third quarter, with EPS of $4.81 versus the $4.03 consensus and revenue of $12.64 billion, up 26.8% year over year. Its backlog reached roughly $197 billion, supported by demand from power generation and AI data centers.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,152.53, although concerns remain over backlog conversion and the execution risks of the planned $9 billion Trench Group acquisition.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 601,673 shares of the company's stock after selling 30,195 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of GE Vernova worth $571,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GEV. B. Metzler seel. Sohn & Co. AG increased its position in GE Vernova by 37.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company's stock valued at $27,116,000 after acquiring an additional 6,313 shares during the period. BG Investment Services LLC purchased a new stake in GE Vernova during the 3rd quarter valued at approximately $3,348,000. Citizens Financial Group Inc. RI purchased a new stake in GE Vernova during the 2nd quarter valued at approximately $8,337,000. Sapient Capital LLC lifted its position in GE Vernova by 31.4% during the 2nd quarter. Sapient Capital LLC now owns 76,038 shares of the company's stock worth $89,372,000 after acquiring an additional 18,188 shares during the period. Finally, Processus Wealth & Capital Management LLC acquired a new stake in GE Vernova during the 2nd quarter worth approximately $2,699,000.

Key Stories Impacting 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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Guggenheim reissued a "buy" rating and issued a $1,450.00 target price on shares of GE Vernova in a report on Tuesday, October 13th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 price target on shares of GE Vernova in a report on Thursday. HSBC upgraded shares of GE Vernova from a "hold" rating to a "buy" rating and lifted their price objective for the company from $1,040.00 to $1,100.00 in a research report on Friday. Morgan Stanley cut shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of GE Vernova from $1,150.00 to $1,035.00 and set an "overweight" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $1,152.53.

GE Vernova Price Performance

Shares of GEV opened at $854.58 on Friday. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The stock's 50 day moving average is $934.85 and its two-hundred day moving average is $940.34. The firm has a market capitalization of $226.19 billion, a PE ratio of 22.42, a P/E/G ratio of 2.93 and a beta of 1.14. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22.

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

GE Vernova Dividend Announcement

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

About GE Vernova

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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