Convergence Financial LLC Sells 3,287 Shares of GE Vernova Inc. $GEV

Key Points

• Convergence Financial LLC cut its GE Vernova stake by 51.6% in the third quarter, selling 3,287 shares and retaining 3,082 shares valued at approximately $2.93 million.
• GE Vernova exceeded third-quarter expectations with adjusted earnings of $4.81 per share and revenue of $12.64 billion, up 26.8% year over year. Management also raised its 2026 revenue outlook and increased its share-repurchase authorization.
• The company agreed to acquire Trench Group for approximately $9 billion to expand its grid-equipment business, but investors remain concerned about acquisition execution and whether elevated backlog and orders can translate into near-term revenue.

Convergence Financial LLC trimmed its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 51.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,082 shares of the company's stock after selling 3,287 shares during the period. Convergence Financial LLC's holdings in GE Vernova were worth $2,929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEV. Parvin Asset Management LLC purchased a new position in GE Vernova during the second quarter valued at $32,000. Pingora Partners LLC bought a new stake in shares of GE Vernova during the 2nd quarter valued at $36,000. Manning & Napier Advisors LLC boosted its holdings in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock valued at $26,000 after buying an additional 13 shares in the last quarter. IMG Wealth Management Inc. bought a new stake in shares of GE Vernova during the 2nd quarter valued at $39,000. Finally, Miller Global Investments LLC grew its position in shares of GE Vernova by 63.6% in the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company's stock worth $42,000 after buying an additional 14 shares during the period.

GE Vernova News Roundup

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

• Positive Sentiment: GE Vernova reported third-quarter adjusted earnings of $4.81 per share versus the $4.03 analyst consensus, while revenue rose 26.8% year over year to $12.64 billion, exceeding expectations of $11.99 billion. GE Vernova Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its 2026 revenue outlook, citing strong demand in its Power business. The company also reported substantial free cash flow and increased its share-repurchase authorization, supporting the bullish long-term investment case. GE Vernova Raises 2026 Guidance and Buyback Authorization
• Positive Sentiment: GE Vernova agreed to acquire high-voltage grid-equipment manufacturer Trench Group for approximately $9 billion. The transaction should expand its Electrification portfolio and increase exposure to grid modernization, energy security and data-center-related power demand. GE Vernova to Acquire Trench Group
• Neutral Sentiment: Orders reportedly surged 96%, lifting the total backlog to roughly $197 billion. However, the market is evaluating whether that growth represents durable, executable demand rather than simply a large backlog headline. GE Vernova Orders Soar 96%
• Negative Sentiment: The principal pressure on GEV is that new orders and newly available production “slots” fell well short of elevated investor expectations. That concern suggests the company may face limits converting its backlog into near-term revenue, prompting selling despite the earnings beat and raised outlook. GE Vernova Stock Falls on New-Order Weakness
• Negative Sentiment: The Trench acquisition increases GE Vernova’s strategic scale but also commits approximately $9 billion of capital, adding execution and integration risks at a premium valuation.

GE Vernova Stock Down 2.1%

Shares of GE Vernova stock opened at $876.07 on Thursday. The company has a 50-day simple moving average of $939.01 and a two-hundred day simple moving average of $937.93. The stock has a market capitalization of $233.32 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm had revenue of $12.64 billion for the quarter, compared to analysts' expectations of $11.99 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The business's revenue for the quarter was up 26.8% on a year-over-year basis. On average, analysts anticipate that GE Vernova Inc. will post 15.04 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova's payout ratio is presently 5.72%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GEV shares. BMO Capital Markets reiterated an "outperform" rating and issued a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. Citigroup lowered their price target on shares of GE Vernova from $1,219.00 to $1,125.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. BNP Paribas Exane dropped their price objective on shares of GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating on the stock in a research note on Thursday, August 20th. Morgan Stanley lowered shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Finally, Mizuho upped their price objective on shares of GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $1,164.87.

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.

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