Paradigm Asset Management Co. LLC decreased its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 36.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,200 shares of the company’s stock after selling 696 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in GE Vernova were worth $1,141,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. King Luther Capital Management Corp boosted its holdings in GE Vernova by 1.6% in the 3rd quarter. King Luther Capital Management Corp now owns 4,470 shares of the company’s stock worth $4,249,000 after buying an additional 70 shares during the last quarter. Spectrum Planning & Advisory Services Inc. increased its stake in GE Vernova by 27.1% during the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 239 shares of the company’s stock worth $227,000 after buying an additional 51 shares in the last quarter. Acorn Creek Capital LLC raised its holdings in shares of GE Vernova by 5.9% during the third quarter. Acorn Creek Capital LLC now owns 251 shares of the company’s stock valued at $239,000 after acquiring an additional 14 shares during the last quarter. Smith Partners Wealth Management LLC raised its holdings in shares of GE Vernova by 21.2% during the third quarter. Smith Partners Wealth Management LLC now owns 332 shares of the company’s stock valued at $316,000 after acquiring an additional 58 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of GE Vernova by 13.0% during the third quarter. Maryland State Retirement & Pension System now owns 16,397 shares of the company’s stock valued at $15,585,000 after acquiring an additional 1,888 shares during the last quarter.
Trending Headlines about GE Vernova
These are some of the GEV headlines that stood out recently:
- Positive Sentiment: J.P. Morgan said GE Vernova could withstand a slowdown in AI spending and retained its “overweight” rating. It lowered its price target to $1,000, still above the cited share price. GE Vernova Could Withstand a Slowing AI Spending Boom, Says J.P. Morgan
- Negative Sentiment: SoftBank’s reassessment of plans for an Ohio data center has fueled concern about potential delays or reduced demand for power-generation equipment, weighing on sentiment toward GE Vernova and other AI-power stocks. GE Vernova shares slide after SoftBank revises US data center project plans
- Negative Sentiment: Despite the surge in total orders, electrification orders fell 9% year over year, a notable weak spot given the importance of grid equipment to the company’s growth outlook. GE Vernova’s Orders Jumped 96%
Analysts Set New Price Targets
Read Our Latest Analysis on GE Vernova
GE Vernova Stock Up 1.6%
Shares of NYSE GEV opened at $809.59 on Thursday. The stock has a market cap of $214.28 billion, a PE ratio of 21.24, a P/E/G ratio of 2.60 and a beta of 1.25. 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 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a 50-day moving average of $917.88 and a 200 day moving average of $946.85.
GE Vernova (NYSE:GEV – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the company posted $1.64 EPS. As a group, sell-side analysts predict that GE Vernova Inc. will post 16.13 EPS for the current fiscal year.
GE Vernova Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.
GE Vernova 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.
See Also
- Five stocks we like better than GE Vernova
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV – Free Report).
Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.
