673 GE Vernova Inc. $GEV Shares Sold by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 24.0% during the third quarter, HoldingsChannel.com reports. The firm owned 2,134 shares of the company’s stock after selling 673 shares during the quarter. GE Vernova makes up about 0.9% of Whalen Wealth Management Inc.’s holdings, making the stock its 29th biggest holding. 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 also recently made changes to their positions in GEV. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of GE Vernova by 37.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock valued at $27,116,000 after purchasing an additional 6,313 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in GE Vernova in the second quarter worth $8,337,000. Sapient Capital LLC lifted its stake in GE Vernova by 31.4% in the second quarter. Sapient Capital LLC now owns 76,038 shares of the company’s stock worth $89,372,000 after purchasing an additional 18,188 shares during the last quarter. Processus Wealth & Capital Management LLC purchased a new stake in GE Vernova during the second quarter valued at about $2,699,000. Finally, Field & Main Bank bought a new position in shares of GE Vernova during the second quarter valued at about $3,018,000.

GE Vernova Trading Down 1.2%

Shares of NYSE GEV traded down $12.39 during trading hours on Thursday, hitting $984.70. The company’s stock had a trading volume of 1,000,807 shares, compared to its average volume of 2,641,752. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The stock has a market cap of $262.25 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 3.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The business has a 50-day simple moving average of $967.21 and a 200-day simple moving average of $997.58.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same period in the previous year, the company earned $1.86 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts anticipate that GE Vernova Inc. will post 15.38 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio is currently 5.72%.

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

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent research reports. Mizuho boosted their target price on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Glj Research initiated coverage on GE Vernova in a research report on Monday, September 14th. They issued a “sell” rating and a $470.00 price objective for the company. Citigroup dropped their price objective on GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Finally, William Blair restated an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $1,171.87.

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.