3,915 GE Vernova Inc. $GEV Shares Purchased by Vest Financial LLC

Key Points

• Vest Financial increased its GE Vernova stake by 4.6% in the third quarter, purchasing 3,915 additional shares for a total of 88,604 shares valued at approximately $84.2 million.
• Other major institutions, including BlackRock, Bank of America and Bank of New York Mellon, also established sizable GE Vernova positions, signaling strong institutional interest.
• GE Vernova shares were trading at $927.29, while analysts maintained an overall “Moderate Buy” rating with an average price target of $1,164.87; the company’s latest earnings missed estimates despite 21.9% year-over-year revenue growth.

Vest Financial LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,604 shares of the company's stock after buying an additional 3,915 shares during the quarter. GE Vernova accounts for 0.9% of Vest Financial LLC's investment portfolio, making the stock its 21st largest holding. Vest Financial LLC's holdings in GE Vernova were worth $84,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of GE Vernova during the second quarter valued at about $25,569,630,000. Bank of America Corp DE purchased a new position in shares of GE Vernova in the 2nd quarter worth approximately $2,961,612,000. Bank of New York Mellon Corp bought a new position in shares of GE Vernova in the second quarter valued at approximately $2,497,472,000. Jupiter Topco LLC bought a new stake in GE Vernova during the second quarter worth $2,371,538,000. Finally, Janus Henderson Group PLC grew its position in GE Vernova by 4,358.6% during the first quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company's stock valued at $1,316,076,000 after buying an additional 1,485,712 shares during the period.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Large backlog supports long-term growth. GE Vernova’s backlog has reportedly reached $176 billion and could approach $200 billion in early 2027. Recurring revenue and expected margin expansion may provide greater earnings visibility. GE Vernova's $176 Billion Backlog, Explained
• Positive Sentiment: New LNG-related agreements reinforce demand. Venture Global signed power agreements with GE Vernova and Baker Hughes to support LNG expansion, with the projects potentially enabling as much as 10 gigawatts of data-center capacity by 2034. VG Inks Power Agreements With GEV, BKR to Support LNG Growth
• Positive Sentiment: International orders add to its project pipeline. GE Vernova secured an order intended to strengthen regional electricity capacity in Côte d’Ivoire, supporting its positioning in emerging energy markets. GE Vernova Secures Côte d’Ivoire Order
• Positive Sentiment: Earnings expectations are supportive. Analysts and Zacks expect earnings growth and identify factors that could produce an earnings beat in the upcoming report, helping improve sentiment ahead of results. GE Vernova Earnings Expected to Grow
• Neutral Sentiment: Spain strategy highlights structural opportunity. GE Vernova outlined four pathways for Spain to achieve reliable, net-zero electricity by 2050, emphasizing grid upgrades, energy storage, and dependable generation. The announcement is strategically positive but does not disclose a specific contract or financial impact. GE Vernova Highlights Spain's Path to Reliable, Net-Zero Electricity
• Negative Sentiment: Recent weakness reflected profit-taking. A fund commentary described a third-quarter pullback as profit-taking despite sustained AI-related capital-spending demand. The stock also declined in the prior session, underscoring elevated volatility and the risk of further pressure if earnings or guidance disappoint. GE Vernova's Q3 Pullback Reflects Profit-Taking

Analyst Ratings Changes

Several brokerages have recently issued reports on GEV. JPMorgan Chase & Co. cut their target price on shares of GE Vernova from $1,330.00 to $1,150.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Jefferies Financial Group reiterated a "buy" rating and set a $1,185.00 price target (up from $1,155.00) on shares of GE Vernova in a research report on Thursday, September 17th. BNP Paribas Exane reduced their target price on GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating on the stock in a report on Thursday, August 20th. Morgan Stanley lowered GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Finally, Mizuho lifted their price target on GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,164.87.

GE Vernova Trading Up 4.2%

GE Vernova stock opened at $927.29 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The firm's 50 day moving average price is $956.51 and its 200-day moving average price is $1,002.79. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The stock has a market cap of $246.97 billion, a P/E ratio of 26.54, a PEG ratio of 3.08 and a beta of 1.14.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (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 company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business's revenue was up 21.9% on a year-over-year basis. On average, equities analysts predict that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently disclosed 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. 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 5.72%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.