GE Vernova Inc. $GEV Stake Trimmed by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management cut its GE Vernova stake by 17.9% in the third quarter, selling 8,056 shares and retaining 36,909 shares valued at approximately $35.1 million.
• Institutional interest remains significant, with BlackRock, Bank of America, Bank of New York Mellon and Jupiter Topco establishing new positions, while State Street increased its holdings.
• Analysts maintain a generally positive outlook, with GE Vernova holding a consensus “Moderate Buy” rating and an average price target of $1,164.87, despite some target-price reductions and a recent stock decline.

Apollon Wealth Management LLC lowered its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 17.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,909 shares of the company's stock after selling 8,056 shares during the period. Apollon Wealth Management LLC's holdings in GE Vernova were worth $35,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in GE Vernova in the 2nd quarter valued at $25,569,630,000. State Street Corp lifted its position in shares of GE Vernova by 3.3% during the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company's stock valued at $13,828,380,000 after acquiring an additional 370,842 shares during the period. Bank of America Corp DE acquired a new stake in shares of GE Vernova during the 2nd quarter worth $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in shares of GE Vernova during the 2nd quarter worth $2,497,472,000. Finally, Jupiter Topco LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth $2,371,538,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GEV shares. President Capital raised their price target on 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. BMO Capital Markets reiterated an "outperform" rating and set a $1,250.00 price objective (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. BNP Paribas Exane decreased their target price on shares of 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. Wall Street Zen cut shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Royal Bank Of Canada boosted their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,164.87.

GE Vernova Stock Down 0.1%

GEV stock opened at $814.37 on Monday. The stock has a market capitalization of $216.89 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 2.82 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 Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The firm has a 50-day moving average price of $947.07 and a 200-day moving average price of $1,001.71.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is 5.72%.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova entered multiyear agreements with Venture Global and Baker Hughes covering up to 16 power-island units and transformer equipment. The systems are intended to provide behind-the-meter power for LNG facilities and planned AI data centers, supporting the company’s backlog and exposure to rising electricity demand. Why Is GE Vernova Tied To 16 Off Grid Power Units?
• Positive Sentiment: BMO Capital and Bank of America Securities reportedly maintained or issued Buy views on GEV, while several recent analyses highlighted long-term growth from grid modernization, electrification and expanding power demand. GE Vernova Gets a Buy from BMO Capital
• Neutral Sentiment: Investors are awaiting GE Vernova’s third-quarter 2026 results, with analysts focused on revenue, margins, orders and other operating metrics. The earnings report could clarify whether demand from data centers and broader power infrastructure is translating into profitable growth. Seeking Clues to GE Vernova Q3 Earnings
• Negative Sentiment: GEV fell sharply alongside Vertiv, Bloom Energy and Eaton after Meta’s larger AI spending outlook raised concerns about how data-center expansion will be financed. The move suggests investors are questioning the sustainability, timing and returns of AI infrastructure orders, even though long-term demand remains strong. GE Vernova Slumps as Meta Spending Outlook Stokes AI Financing Worries
• Negative Sentiment: Erste Group slightly reduced its 2027 EPS forecast to $24.36 from $24.55. The modest cut adds to execution concerns, particularly after GE Vernova’s prior quarterly EPS missed expectations despite stronger-than-expected revenue. GE Vernova Earnings Estimate Revision

GE Vernova Company 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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