CX Institutional raised its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 396.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,294 shares of the company’s stock after buying an additional 10,615 shares during the quarter. CX Institutional’s holdings in GE Vernova were worth $12,636,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Parvin Asset Management LLC purchased a new stake in shares of GE Vernova in the second quarter valued at about $32,000. Pingora Partners LLC purchased a new position in GE Vernova during the second quarter worth about $36,000. Manning & Napier Advisors LLC grew its position in GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares in the last quarter. IMG Wealth Management Inc. purchased a new stake in GE Vernova in the 2nd quarter valued at about $39,000. Finally, Miller Global Investments LLC lifted its position in shares of GE Vernova by 63.6% during the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after buying an additional 14 shares in the last quarter.
Key Headlines Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova’s BWRX-300 small modular reactor secured its first U.S. construction permit, a regulatory milestone that strengthens the company’s nuclear pipeline and supports a long-term growth opportunity. GE Vernova’s BWRX-300 Secures First US Construction Permit
- Positive Sentiment: Recent commentary highlights stronger-than-expected orders and backlog growth, with CEO Scott Strazik signaling potential margin expansion across the business, including the underperforming wind segment. Improving execution could support earnings estimates and investor confidence. GE Vernova’s CEO Just Delivered Great News to Shareholders
- Positive Sentiment: Analysts and financial commentary point to a significantly improved cash outlook while the share price has consolidated, creating a potentially favorable valuation setup if cash generation continues to improve. GE Vernova’s Consolidation Looks Promising For One Simple Reason
- Positive Sentiment: The broader AI buildout is increasing demand for reliable electricity, grid equipment and generation capacity. That positions GE Vernova as a potential beneficiary of power-infrastructure spending, even as investors debate whether AI data-center economics are sustainable. GE Vernova vs. Quanta Services
- Neutral Sentiment: The company declared a $0.50 quarterly dividend, or $2.00 annualized, but the approximately 0.2% yield is unlikely to be a major driver for a stock primarily valued on growth prospects. GE Vernova Declares Quarterly Dividend
- Negative Sentiment: GE Vernova remains richly valued after a substantial rally, leaving the stock sensitive to execution risks, earnings disappointments and any slowdown in backlog conversion or margin improvement.
GE Vernova Stock Performance
GE Vernova (NYSE:GEV – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter in the previous year, the business earned $1.86 EPS. GE Vernova’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts anticipate that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.
GE Vernova Announces Dividend
The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s payout ratio is currently 5.72%.
Analysts Set New Price Targets
GEV has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on GE Vernova from $1,302.00 to $1,330.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Citigroup cut their price objective on GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Oppenheimer raised their target price on 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,298.00 price target (up from $1,206.00) on shares of GE Vernova in a report on Tuesday, September 15th. Finally, Evercore restated an “outperform” rating and set a $1,350.00 price target on shares of GE Vernova in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,171.87.
View Our Latest Stock Report on GE Vernova
GE Vernova Company Profile
GE Vernova Inc (NYSE: GEV) is an energy technology company formed through the separation of General Electric’s energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.
GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.
The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.
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