Illinois Municipal Retirement Fund cut its holdings in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,392 shares of the company’s stock after selling 646 shares during the period. Illinois Municipal Retirement Fund’s holdings in GE Vernova were worth $14,630,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Parvin Asset Management LLC bought a new stake in shares of GE Vernova during the second quarter worth approximately $32,000. Pingora Partners LLC acquired a new position in GE Vernova in the second quarter valued at approximately $36,000. IMG Wealth Management Inc. acquired a new position in GE Vernova in the second quarter valued at approximately $39,000. Miller Global Investments LLC lifted its holdings in GE Vernova by 63.6% in the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after buying an additional 14 shares during the period. Finally, Burk Holdings LLC boosted its stake in GE Vernova by 50.0% in the second quarter. Burk Holdings LLC now owns 36 shares of the company’s stock valued at $42,000 after acquiring an additional 12 shares during the last quarter.
Analyst Ratings Changes
A number of analysts have commented on GEV shares. HSBC raised shares of GE Vernova from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,040.00 to $1,100.00 in a report on Friday, October 30th. President Capital increased their price target on GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Glj Research restated a “sell” rating and issued a $540.00 price target on shares of GE Vernova in a research report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a research report on Monday, October 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of GE Vernova in a research note on Thursday, October 29th. Two 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.03.
GE Vernova Stock Performance
Shares of GEV stock opened at $809.59 on Thursday. The stock has a market cap of $214.28 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. The stock has a 50-day moving average of $917.88 and a 200-day moving average of $946.85. 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 Inc. has a one year low of $530.16 and a one year high of $1,195.94.
GE Vernova (NYSE:GEV – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The business had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. During the same quarter last year, the firm earned $1.64 EPS. GE Vernova’s quarterly revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts expect that GE Vernova Inc. will post 16.13 earnings per share for the current year.
GE Vernova Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 5.25%.
Key Stories Impacting GE Vernova
These are some of the GEV stories 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
- Positive Sentiment: Third-quarter orders reached $29 billion, up 96% year over year, while the company’s backlog hit a record $197 billion and 2026 revenue guidance was raised—supporting demand visibility despite market concerns. GE Vernova’s Orders Jumped 96%
- 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
About GE Vernova
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.
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