GE Vernova Inc. $GEV Shares Bought by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC increased its GE Vernova position by 514.8% in the third quarter, holding 1,992 shares valued at approximately $1.9 million. Several major institutions, including BlackRock and Bank of America, also acquired or expanded stakes.
• GE Vernova shares fell 6.4% to $939.83, while the company’s latest quarterly earnings of $2.47 per share missed analyst expectations despite revenue of $11.1 billion, which exceeded estimates.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $1,164.87. The company also announced a quarterly dividend of $0.50 per share, equal to a 0.2% yield.

Sanders Morris Harris LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 514.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,992 shares of the company's stock after purchasing an additional 1,668 shares during the period. Sanders Morris Harris LLC's holdings in GE Vernova were worth $1,896,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Auto Owners Insurance Co lifted its position in GE Vernova by 110,973.4% in the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock worth $2,278,224,000 after purchasing an additional 34,826,773 shares during the period. BlackRock Inc. acquired a new stake in GE Vernova during the second quarter worth $25,569,630,000. Bank of America Corp DE bought a new stake in GE Vernova in the 2nd quarter valued at $2,961,612,000. Bank of New York Mellon Corp bought a new stake in GE Vernova in the 2nd quarter valued at $2,497,472,000. Finally, Jupiter Topco LLC bought a new stake in GE Vernova in the 2nd quarter valued at $2,371,538,000.

GE Vernova Trading Down 6.4%

GEV stock traded down $64.21 during trading on Wednesday, hitting $939.83. The company had a trading volume of 3,490,274 shares, compared to its average volume of 2,633,226. The firm has a 50-day moving average price of $967.20 and a 200-day moving average price of $1,000.65. The stock has a market cap of $250.31 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 3.45 and a beta of 1.14. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The business's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. As a group, analysts predict that GE Vernova Inc. will post 15.04 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently announced 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 dividend yield of 0.2%. GE Vernova's payout ratio is presently 5.72%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GEV. Susquehanna decreased their target price on shares of GE Vernova from $1,300.00 to $1,270.00 and set a "positive" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of GE Vernova from $1,330.00 to $1,150.00 and set an "overweight" rating for the company in a research report on Friday, October 9th. President Capital increased their price target on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Citigroup cut 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 note on Thursday, July 23rd. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and an average target price of $1,164.87.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova’s $176 billion backlog, including 88% organic order growth in the second quarter, highlights strong demand for its power-generation equipment as electricity needs rise from data centers and artificial intelligence. Its higher-margin gas-turbine services business could further support earnings and cash flow. Got $5,000? 2 Stocks Supplying the AI Data Center Power Crunch
• Positive Sentiment: Guggenheim reaffirmed its buy rating with a $1,450 price target, while Susquehanna maintained a positive rating and set a $1,270 target. The targets imply substantial upside and show that some analysts view the pullback as an opportunity. Got $5,000? 2 Stocks Supplying the AI Data Center Power Crunch
• Neutral Sentiment: GE Vernova is scheduled to report third-quarter 2026 results on October 28. The upcoming report may provide a catalyst by showing whether backlog conversion, services revenue and cash generation are supporting current valuation levels. GE Vernova to announce third quarter 2026 financial results on October 28
• Neutral Sentiment: Speculation that GE Vernova could split its stock reflects its strong performance since its market debut, but a split would not change the company’s underlying value or fundamentals. Stock-Split Watch: Is GE Vernova Next?
• Negative Sentiment: Investors are questioning whether the bull run has ended after the stock retreated from its year-to-date high near $1,193 into bear-market territory. The decline has erased part of its earlier gains and weakened momentum. GE Vernova stock has suffered a big pullback
• Negative Sentiment: Despite the backlog, analysts note that a roughly 66-times earnings valuation leaves little room for execution disappointments and raises concerns about whether future growth is already priced in. GE Vernova Builds $176B Backlog But 66x Earnings Multiple Raises Questions

About GE Vernova

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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