GE Vernova Inc. $GEV Stock Position Reduced by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of GE Vernova Inc. (NYSE:GEV) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,868 shares of the company’s stock after selling 1,497 shares during the period. ProShare Advisors LLC’s holdings in GE Vernova were worth $40,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vise Technologies Inc. increased its stake in GE Vernova by 11.6% in the 3rd quarter. Vise Technologies Inc. now owns 16,561 shares of the company’s stock worth $15,741,000 after acquiring an additional 1,715 shares during the last quarter. Grandfield & Dodd LLC raised its holdings in shares of GE Vernova by 8.3% during the 3rd quarter. Grandfield & Dodd LLC now owns 5,124 shares of the company’s stock worth $4,870,000 after acquiring an additional 392 shares in the last quarter. Investment Partners LTD. boosted its position in shares of GE Vernova by 155.9% during the 3rd quarter. Investment Partners LTD. now owns 916 shares of the company’s stock valued at $872,000 after acquiring an additional 558 shares during the last quarter. Blue Fin Capital Inc. boosted its position in shares of GE Vernova by 16.0% during the 3rd quarter. Blue Fin Capital Inc. now owns 1,112 shares of the company’s stock valued at $1,057,000 after acquiring an additional 153 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of GE Vernova in the third quarter valued at $1,391,000.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $854.58 on Monday. The stock has a market cap of $226.19 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The stock has a 50 day moving average price of $934.85 and a 200-day moving average price of $940.34. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. GE Vernova’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities analysts expect that GE Vernova Inc. will post 16.05 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is currently 5.25%.

More GE Vernova News

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

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GEV. BNP Paribas Exane reduced their price target on shares of 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. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research report on Monday, August 3rd. The Goldman Sachs Group upgraded shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research report on Monday, September 14th. Mizuho lifted their price objective on shares of GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned 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.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $1,152.53.

GE Vernova Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.