CX Institutional Acquires 10,615 Shares of GE Vernova Inc. $GEV

Key Points

• CX Institutional increased its GE Vernova stake by 396.2% in the third quarter, acquiring 10,615 additional shares and bringing its holdings to 13,294 shares valued at approximately $12.6 million.
• GE Vernova shares recently traded at $990.79, while the company reported quarterly revenue of $11.1 billion, up 21.9% year over year, but earnings of $2.47 per share fell short of analyst expectations.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,171.87; the company also declared a $0.50 quarterly dividend, representing a modest 0.2% yield.

CX Institutional lifted its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 396.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,294 shares of the company's stock after acquiring an additional 10,615 shares during the quarter. CX Institutional's holdings in GE Vernova were worth $12,636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GoalVest Advisory LLC grew its holdings in GE Vernova by 90,693.6% during the third quarter. GoalVest Advisory LLC now owns 42,673 shares of the company's stock worth $40,560,000 after purchasing an additional 42,626 shares during the period. Planning Strategies Inc. lifted its position in shares of GE Vernova by 186.0% in the third quarter. Planning Strategies Inc. now owns 123 shares of the company's stock valued at $116,000 after buying an additional 80 shares during the last quarter. Private Client Services LLC boosted its stake in shares of GE Vernova by 3.6% during the 3rd quarter. Private Client Services LLC now owns 605 shares of the company's stock worth $575,000 after acquiring an additional 21 shares during the period. Versant Capital Management Inc boosted its stake in shares of GE Vernova by 2.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,578 shares of the company's stock worth $2,450,000 after acquiring an additional 56 shares during the period. Finally, First Financial Bank Trust Division increased its holdings in shares of GE Vernova by 5.8% during the 3rd quarter. First Financial Bank Trust Division now owns 561 shares of the company's stock worth $533,000 after acquiring an additional 31 shares during the last quarter.

GE Vernova Trading Up 0.3%

NYSE:GEV traded up $3.34 on Friday, reaching $990.79. 2,133,940 shares of the stock traded hands, compared to its average volume of 2,659,821. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company's 50 day moving average is $964.10 and its 200-day moving average is $993.29. The firm has a market capitalization of $263.88 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 4.42 and a beta of 1.14. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same period in the prior year, the business earned $1.86 EPS. The company's revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts anticipate that GE Vernova Inc. will post 15.36 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared 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 is presently 5.72%.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova’s BWRX-300 small modular reactor secured its first U.S. construction permit, a regulatory milestone that strengthens the company’s nuclear pipeline and supports a long-term growth opportunity. GE Vernova's BWRX-300 Secures First US Construction Permit
• Positive Sentiment: Recent commentary highlights stronger-than-expected orders and backlog growth, with CEO Scott Strazik signaling potential margin expansion across the business, including the underperforming wind segment. Improving execution could support earnings estimates and investor confidence. GE Vernova's CEO Just Delivered Great News to Shareholders
• Positive Sentiment: Analysts and financial commentary point to a significantly improved cash outlook while the share price has consolidated, creating a potentially favorable valuation setup if cash generation continues to improve. GE Vernova’s Consolidation Looks Promising For One Simple Reason
• Positive Sentiment: The broader AI buildout is increasing demand for reliable electricity, grid equipment and generation capacity. That positions GE Vernova as a potential beneficiary of power-infrastructure spending, even as investors debate whether AI data-center economics are sustainable. GE Vernova vs. Quanta Services
• Neutral Sentiment: The company declared a $0.50 quarterly dividend, or $2.00 annualized, but the approximately 0.2% yield is unlikely to be a major driver for a stock primarily valued on growth prospects. GE Vernova Declares Quarterly Dividend
• Negative Sentiment: GE Vernova remains richly valued after a substantial rally, leaving the stock sensitive to execution risks, earnings disappointments and any slowdown in backlog conversion or margin improvement.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Glj Research initiated coverage on GE Vernova in a report on Monday, September 14th. They set a "sell" rating and a $470.00 price target for the company. The Goldman Sachs Group upgraded shares of GE Vernova from a "buy" rating to a "market outperform" rating in a research note on Monday, September 14th. Guggenheim upped their target price on GE Vernova from $1,300.00 to $1,450.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada raised their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $1,185.00 target price (up from $1,155.00) on shares of GE Vernova in a research report on Thursday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.

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