Assenagon Asset Management S.A. Sells 833,678 Shares of GE Vernova Inc. $GEV

Assenagon Asset Management S.A. lessened its stake in shares of GE Vernova Inc. (NYSE:GEV) by 99.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,755 shares of the company’s stock after selling 833,678 shares during the period. Assenagon Asset Management S.A.’s holdings in GE Vernova were worth $5,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pines Wealth Management LLC bought a new stake in GE Vernova during the 2nd quarter valued at $408,000. Dupree Financial Group LLC purchased a new stake in shares of GE Vernova in the second quarter valued at about $253,000. International Assets Investment Management LLC boosted its holdings in GE Vernova by 18.8% during the second quarter. International Assets Investment Management LLC now owns 3,903 shares of the company’s stock worth $2,065,000 after purchasing an additional 619 shares during the last quarter. Alpha Financial Partners LLC purchased a new stake in GE Vernova in the 2nd quarter valued at about $230,000. Finally, Aviva PLC increased its position in shares of GE Vernova by 6.7% during the second quarter. Aviva PLC now owns 205,086 shares of the company’s stock valued at $108,521,000 after acquiring an additional 12,790 shares during the last quarter.

GE Vernova Stock Up 2.9%

Shares of GEV opened at $658.03 on Monday. The firm has a fifty day simple moving average of $601.18 and a two-hundred day simple moving average of $589.63. The stock has a market capitalization of $178.54 billion, a P/E ratio of 107.17, a PEG ratio of 5.02 and a beta of 1.71. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $731.00.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 22nd. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.15 billion. During the same period in the prior year, the business posted ($0.35) earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. GE Vernova’s dividend payout ratio is presently 32.57%.

Key Stores Impacting GE Vernova

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

• Positive Sentiment: Jefferies upgraded GEV, citing stronger outlook/earnings trajectory that helped spark buying interest and analyst-led momentum. Jefferies upgrades GE Vernova (GEV)
• Positive Sentiment: Barron’s reports GEV recovered after the prior session’s brutal selloff as the AI trade rebounded, suggesting sector flows (not just company-specific news) are driving near-term price moves. GE Vernova Stock Recovers as the AI Trade Rebounds
• Positive Sentiment: Market TV coverage cited the Micron earnings-driven AI rally and noted an upgrade-driven rally in GEV as part of broader session headlines — supportive short-term technical momentum. MU Posts Strong A.I. Demand, GEV Upgrade Rally, KMX Stalls on Earnings
• Neutral Sentiment: Investor’s Business Daily piece frames a recent GEV swing trade as a “losing trade” in execution but not a failed thesis — useful for traders but not new fundamental information. GE Vernova Stock Was A Losing Trade — But Not A Bad Trade
• Neutral Sentiment: MSN republished the IBD swing-trade commentary, reinforcing the message for traders that short-term setups don’t negate the longer-term thesis. GE Vernova stock was a losing trade — but not a bad trade
• Neutral Sentiment: Yahoo questions whether GEV’s 2025 ~100% rally is supported by fundamentals, highlighting valuation and margin concerns — a cautionary read for longer-term investors. Is GE Vernova’s 102% Surge in 2025 Still Supported by Fundamentals?
• Negative Sentiment: MSN runs a deeper “why it crashed and what to expect” piece that outlines catalysts for the recent sharp selloff and potential near-term downside risks, which likely pressured sentiment before today’s rebound. Here’s why the GE Vernova stock price crashed and what to expect

Analyst Upgrades and Downgrades

Several analysts have commented on GEV shares. Rothschild Redb lowered shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $735.00 to $840.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wells Fargo & Company upped their price target on shares of GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Finally, TD Cowen lowered their price objective on GE Vernova from $685.00 to $680.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $690.56.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.