Partners Wealth Management LLC Acquires New Holdings in GE Vernova Inc. $GEV

Partners Wealth Management LLC acquired a new position in GE Vernova Inc. (NYSE:GEV) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 658 shares of the company’s stock, valued at approximately $626,000.

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

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating and set a $1,200.00 price target on shares of GE Vernova in a report on Thursday. Guggenheim reaffirmed a “buy” rating and issued a $1,450.00 price objective on shares of GE Vernova in a report on Tuesday, October 13th. Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Susquehanna lowered their target price on shares of GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating on the stock in a research note on Thursday. Finally, Glj Research boosted their price target on shares of GE Vernova from $470.00 to $540.00 and gave the stock a “sell” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,152.53.

GE Vernova Trading Down 3.7%

Shares of NYSE:GEV opened at $854.58 on Friday. 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 stock has a market capitalization of $226.19 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.93 and a beta of 1.14. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company has a 50 day moving average price of $934.85 and a 200 day moving average price of $940.34.

GE Vernova (NYSE:GEV) last posted its quarterly 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. 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 revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 earnings per share. On average, research analysts anticipate that GE Vernova Inc. will post 16.05 EPS for the current fiscal year.

GE Vernova Announces Dividend

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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

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.