Whalen Wealth Management Inc. trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 24.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,134 shares of the company’s stock after selling 673 shares during the period. GE Vernova comprises 0.9% of Whalen Wealth Management Inc.’s holdings, making the stock its 29th largest position. Whalen Wealth Management Inc.’s holdings in GE Vernova were worth $2,028,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Auto Owners Insurance Co increased its holdings in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock worth $2,278,224,000 after buying an additional 34,826,773 shares during the last quarter. BlackRock Inc. bought a new position in shares of GE Vernova in the 2nd quarter valued at about $25,569,630,000. State Street Corp grew 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 acquiring an additional 370,842 shares during the period. Bank of America Corp DE increased its stake in shares of GE Vernova by 20.1% during the 1st quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock worth $2,267,949,000 after purchasing an additional 435,405 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of GE Vernova during the 2nd quarter worth about $2,497,472,000.
Key GE Vernova News
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova’s gas turbines are reportedly sold out, positioning the company as a critical supplier of reliable power for expanding AI data centers. The opportunity is broader than direct data-center sales, since only about 20% of the company’s order book is tied to that market. GE Vernova Isn’t an AI Stock. It’s the Reason AI Stocks Work Only 20% of GE Vernova’s Order Book Is Data Centers
- Positive Sentiment: Growing backlog, nuclear expansion, long-term energy contracts and services growth are improving revenue visibility and supporting the longer-term investment case. These themes have helped GEV rise substantially over the past year. Could GE Vernova Be Your Ticket to Generational Wealth? GE Vernova Surges 9.4% in a Month
- Positive Sentiment: GE Vernova plans to double its number of MIT interns and permanent hires in 2027, an investment that could strengthen its engineering and talent pipeline as demand grows. GE Vernova to Double the Number of MIT Interns and Permanent Hires in 2027
- Positive Sentiment: Heavy buying interest and billionaire investor Ken Fisher’s sharply increased position reinforce institutional enthusiasm for GEV’s AI-power and electrification exposure. What’s behind an explosion of buying Why Billionaire Ken Fisher Went Big on GE Vernova
- Neutral Sentiment: Recent coverage comparing GE Vernova with other electrical-systems companies highlights strong growth but offers limited new company-specific information. Q2 Rundown: GE Vernova Vs Other Electrical Systems Stocks
- Negative Sentiment: After a roughly 70% one-year advance, analysts are questioning whether GEV’s valuation is supported by the cash the business can generate. Supply constraints, tariffs and the possibility that AI enthusiasm cools are additional risks. GE Vernova Stock Appears Overvalued Following Its 70% Run
- Negative Sentiment: GE Vernova recently decreased more than the broader market, and weaker after-hours trading suggests investors may be taking profits while reassessing its premium valuation. GE Vernova Dips More Than Broader Market
Analysts Set New Price Targets
View Our Latest Stock Analysis on GE Vernova
GE Vernova Stock Performance
GEV stock traded down $12.39 during mid-day trading on Thursday, hitting $984.70. 1,000,807 shares of the company were exchanged, compared to its average volume of 2,641,752. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The stock has a market capitalization of $262.25 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 3.48 and a beta of 1.14. The business has a 50 day simple moving average of $967.21 and a 200-day simple moving average of $997.58. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.
GE Vernova (NYSE:GEV – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. On average, equities analysts forecast that GE Vernova Inc. will post 15.38 earnings per share for the current year.
GE Vernova Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is presently 5.72%.
GE Vernova 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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