GE Vernova Inc. $GEV Stock Holdings Lowered by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC cut its GE Vernova stake by 5.6% in the third quarter, selling 1,296 shares and retaining 21,940 shares valued at approximately $20.9 million.
• GE Vernova shares opened at $825.32, down 10.9%, and remain below their 52-week high of $1,195.94. The company’s latest earnings missed expectations at $2.47 per share versus a $3.17 consensus, despite revenue rising 21.9% year over year to $11.1 billion.
• The company declared a quarterly dividend of $0.50 per share, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,164.87.

Cadinha & Co. LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,940 shares of the company's stock after selling 1,296 shares during the period. GE Vernova makes up approximately 3.4% of Cadinha & Co. LLC's portfolio, making the stock its 13th largest position. Cadinha & Co. LLC's holdings in GE Vernova were worth $20,854,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC lifted its position in GE Vernova by 1.3% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock valued at $635,000 after acquiring an additional 9 shares in the last quarter. Red Door Wealth Management LLC increased its holdings in shares of GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock worth $1,548,000 after purchasing an additional 10 shares in the last quarter. Advance Capital Management Inc. raised its stake in shares of GE Vernova by 2.2% in the first quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock worth $402,000 after purchasing an additional 10 shares during the last quarter. Alpha Financial Partners LLC raised its stake in shares of GE Vernova by 2.0% in the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock worth $449,000 after purchasing an additional 10 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its holdings in shares of GE Vernova by 2.6% during the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock valued at $457,000 after purchasing an additional 10 shares in the last quarter.

GE Vernova Trading Down 10.9%

GE Vernova stock opened at $825.32 on Friday. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a market cap of $219.81 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.21 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $952.05 and a two-hundred day simple moving average of $1,002.28.

GE Vernova (NYSE:GEV - Get Free Report) last issued 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). 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 during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter last year, the company earned $1.86 EPS. GE Vernova's revenue for the quarter was up 21.9% on a year-over-year basis. Analysts predict that GE Vernova Inc. will post 15.04 EPS for the current year.

GE Vernova Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GEV shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Vernova in a report on Monday. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Evercore reissued an "outperform" rating and issued a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. JPMorgan Chase & Co. lowered 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 research note on Friday, October 9th. Finally, BNP Paribas Exane dropped their price target 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. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,164.87.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Venture Global signed power agreements with GE Vernova and Baker Hughes to support LNG expansion and potentially enable as much as 10 gigawatts of data-center capacity by 2034, reinforcing long-term demand for GEV’s equipment. VG Inks Power Agreements With GEV, BKR to Support LNG Growth
• Positive Sentiment: GE Vernova’s backlog has reportedly reached $176 billion and could approach $200 billion in early 2027. Recurring revenue and potential margin expansion provide visibility into future growth. GE Vernova's $176 Billion Backlog, Explained
• Positive Sentiment: Bank of America Securities initiated or reiterated a Buy rating, while analysts continue to anticipate earnings growth ahead of the upcoming quarterly report. GE Vernova Gets a Buy from Bank of America Securities
• Neutral Sentiment: GE Vernova outlined grid upgrades, energy storage and reliable generation as key requirements for Spain’s net-zero electricity goals, highlighting potential strategic demand but not announcing a specific near-term contract. GE Vernova Highlights Spain's Path to Reliable, Net-Zero Electricity
• Negative Sentiment: Meta’s increased AI-spending outlook has raised concerns about how the buildout will be financed. Those worries are weighing on power-equipment suppliers, including GE Vernova, as investors question whether data-center demand can be sustained without project delays or spending reductions. GE Vernova Slumps as Meta's Spending Outlook Stokes AI Financing Worries
• Negative Sentiment: Recent commentary also flags valuation risk, profit-taking, tariffs and project delays. With GEV trading well below its 52-week high but still at a premium earnings multiple, investors may be particularly sensitive to any slowdown in AI-related capital expenditure.

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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