696 GE Vernova Inc. $GEV Shares Sold by Providence First Trust Co

Providence First Trust Co lessened its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 35.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,276 shares of the company’s stock after selling 696 shares during the quarter. Providence First Trust Co’s holdings in GE Vernova were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in GE Vernova in the second quarter valued at approximately $25,569,630,000. Bank of America Corp DE bought a new position in shares of GE Vernova during the second quarter valued at approximately $2,961,612,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova during the second quarter valued at approximately $2,497,472,000. Jupiter Topco LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $2,371,538,000. Finally, Janus Henderson Group PLC raised its position in shares of 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 worth $1,316,076,000 after purchasing an additional 1,485,712 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GEV shares. JPMorgan Chase & Co. cut their price target on GE Vernova from $1,150.00 to $1,035.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Susquehanna lowered their price objective on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating for the company in a research note on Thursday, October 29th. Glj Research upped their price objective on GE Vernova from $470.00 to $540.00 and gave the stock a “sell” rating in a research note on Friday, October 30th. Argus dropped their target price on GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Oppenheimer reiterated an “outperform” rating on shares of GE Vernova in a research note on Wednesday, October 28th. Two investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus target price of $1,144.20.

GE Vernova Stock Performance

Shares of NYSE GEV traded up $4.23 during midday trading on Friday, hitting $774.74. 7,203,323 shares of the company’s stock were exchanged, compared to its average volume of 3,120,461. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The firm has a market cap of $205.06 billion, a P/E ratio of 20.33, a PEG ratio of 2.92 and a beta of 1.25. The stock’s 50 day moving average price is $923.33 and its 200-day moving average price is $944.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $12.64 billion for 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 was up 26.8% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. Equities research analysts anticipate that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s payout ratio is 5.25%.

GE Vernova News Summary

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

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.