United Capital Management of KS Inc. increased its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 4,191.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,716 shares of the company’s stock after acquiring an additional 11,443 shares during the quarter. GE Vernova comprises 1.5% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 28th biggest position. United Capital Management of KS Inc.’s holdings in GE Vernova were worth $11,136,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in GE Vernova during the second quarter worth approximately $25,569,630,000. State Street Corp boosted its holdings in shares of GE Vernova by 3.3% during the second 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 boosted its holdings in shares of GE Vernova by 20.1% during the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock worth $2,267,949,000 after acquiring an additional 435,405 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova during the second quarter worth approximately $2,497,472,000. Finally, Jupiter Topco LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $2,371,538,000.
Key Headlines Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: GE Vernova won its sixth project with Stadtwerke Heidenheim, agreeing to supply three onshore turbines for a German wind farm and provide 20 years of maintenance. The deal supports recurring service revenue, though its financial terms were not disclosed. GE Vernova Lands Wind Turbine Order With 20-Year Service Deal
- Positive Sentiment: Investors also had a broader demand catalyst: Constellation Energy raised its 2026 guidance and announced data-center deals, helping ease concerns that a potential data-center construction slowdown would curb electricity demand. GE Vernova could benefit from continued investment in power generation. GE Vernova Soars as Constellation Raises Guidance
- Positive Sentiment: The company was also selected for a 6-GW high-voltage direct-current transmission corridor in India, a large infrastructure project booked in the fourth quarter. GE Vernova to Support India’s Energy Transition With 6-GW HVDC Transmission Project
- Neutral Sentiment: Reports of a tight market for gas turbines, with new U.S. equipment reportedly taking years to deliver, underscore potential demand for GE Vernova’s products, but do not guarantee additional orders. Shortage of Turbines Drives Market for Second-Hand Market for AI Data Centers
- Negative Sentiment: A separate analysis flagged a $9 billion acquisition as a complication for the company’s valuation and cash-flow outlook, keeping deal-related risks on investors’ radar. GE Vernova Share Price and $9B Acquisition Outlook
- Negative Sentiment: Elon Musk’s claim that SoftBank is defaulting on turbine orders raises a potential customer-demand concern, although the reports do not establish the impact on GE Vernova’s own orders. SoftBank Turbine Orders Warning for GE Vernova
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. BNP Paribas Exane lowered 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 note on Thursday, August 20th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a report on Monday, October 19th. 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. Glj Research boosted their price target on GE Vernova from $470.00 to $540.00 and gave the company a “sell” rating in a research note on Friday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of GE Vernova in a report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,144.20.
View Our Latest Research Report on GEV
GE Vernova Stock Up 7.2%
NYSE GEV opened at $829.47 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22. 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 of $921.67 and a 200-day moving average of $945.42. The company has a market cap of $219.54 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.71 and a beta of 1.25.
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 (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $12.64 billion during 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 for the quarter was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. On average, equities research analysts expect that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.
GE Vernova Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be paid a dividend of $0.50 per share. 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 dividend payout ratio (DPR) is 5.25%.
GE Vernova Company Profile
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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