Providence First Trust Co cut its holdings in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 35.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,276 shares of the company’s stock after selling 696 shares during the period. Providence First Trust Co’s holdings in GE Vernova were worth $1,213,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of GE Vernova in the second quarter worth about $25,569,630,000. Bank of America Corp DE acquired a new stake in GE Vernova during the 2nd quarter valued at approximately $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the 2nd quarter valued at approximately $2,497,472,000. Jupiter Topco LLC acquired a new stake in GE Vernova during the 2nd quarter valued at approximately $2,371,538,000. Finally, Janus Henderson Group PLC grew its stake in GE Vernova by 4,358.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock valued at $1,316,076,000 after purchasing an additional 1,485,712 shares in the last quarter.
GE Vernova Stock Performance
NYSE:GEV traded up $4.23 during trading hours on Friday, reaching $774.74. 7,203,323 shares of the stock were exchanged, compared to its average volume of 3,120,461. The stock has a market capitalization of $205.06 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.92 and a beta of 1.25. The firm has a 50 day simple moving average of $923.33 and a 200-day simple moving average of $944.61. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94.
GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. As a group, sell-side analysts forecast that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.
GE Vernova Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s payout ratio is currently 5.25%.
Key GE Vernova News
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova’s backlog and order growth, along with three increases to its 2026 guidance, support the longer-term earnings outlook. The article also points to gas turbines as a potential source of future high-margin service revenue. Article: GE Vernova Is Up 18% in 2026 After Three Guidance Raises
- Positive Sentiment: Some investors view the stock’s decline as a potential buying opportunity, arguing that GE Vernova supplies power equipment Nvidia and other technology companies need, while the company continues to add orders. Article: GE Vernova Has Something Nvidia Needs Under a Democratic Congress
- Neutral Sentiment: Analyst views are mixed: one report noted an Argus Research Buy rating, while other recent coverage highlighted a downgrade and a pessimistic price outlook. This leaves uncertainty about whether the selloff has made GEV an attractive value. Article: GE Vernova Receives a Buy from Argus Research
- Negative Sentiment: A reported analyst downgrade contributed to a sharp decline in the shares, adding pressure to a stock already hit by a broader selloff in data-center-related names. Article: GE Vernova Shares Down 9.4% on Analyst Downgrade
- Negative Sentiment: Newly elected Democratic officials in Texas have pledged to pause approvals for large AI data-center projects, and proposals elsewhere could bring tighter energy, zoning, and environmental reviews. If projects are delayed, demand for the power generation and grid equipment GE Vernova sells could be affected. Article: GE Vernova Sees New Risks From AI Data Center Permitting Pause
Wall Street Analysts Forecast Growth
GEV has been the topic of a number of recent analyst reports. BNP Paribas Exane cut their target price on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. TD Cowen reduced their target price on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research report on Monday, October 19th. William Blair restated an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $1,100.00 price target on shares of GE Vernova in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,144.20.
Get Our Latest Analysis on GE Vernova
About GE Vernova
GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century.
The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.
GE Vernova serves utilities, power producers, grid operators and other customers around the world.
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