GE Vernova Inc. $GEV Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,397 shares of the company’s stock after purchasing an additional 1,888 shares during the quarter. Maryland State Retirement & Pension System’s holdings in GE Vernova were worth $15,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. B. Metzler seel. Sohn & Co. AG grew its position in shares of GE Vernova by 37.7% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock worth $27,116,000 after buying an additional 6,313 shares in the last quarter. BG Investment Services LLC acquired a new stake in GE Vernova in the third quarter valued at $3,348,000. Citizens Financial Group Inc. RI bought a new position in GE Vernova during the 2nd quarter valued at $8,337,000. Sapient Capital LLC grew its holdings in GE Vernova by 31.4% during the 2nd quarter. Sapient Capital LLC now owns 76,038 shares of the company’s stock worth $89,372,000 after acquiring an additional 18,188 shares in the last quarter. Finally, Processus Wealth & Capital Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth about $2,699,000.

Analyst Upgrades and Downgrades

GEV has been the topic of several research analyst reports. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Wall Street Zen cut GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada lifted their target price on GE Vernova from $1,225.00 to $1,230.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,100.00 price target on shares of GE Vernova in a report on Thursday, October 29th. Finally, HSBC raised GE Vernova from a “hold” rating to a “buy” rating and upped their price target for the company from $1,040.00 to $1,100.00 in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and a consensus price target of $1,143.03.

Trending Headlines about GE Vernova

These are some of the GEV headlines that stood out recently:

• Positive Sentiment: J.P. Morgan said GE Vernova could withstand a slowdown in AI spending and retained its “overweight” rating. It lowered its price target to $1,000, still above the cited share price. GE Vernova Could Withstand a Slowing AI Spending Boom, Says J.P. Morgan
• Neutral Sentiment: The company validated milestones for hydrogen-capable aeroderivative turbines, a potential longer-term opportunity, though the report does not indicate a near-term earnings impact. GE Vernova Advances Hydrogen Capabilities
• Negative Sentiment: Despite the surge in total orders, electrification orders fell 9% year over year, a notable weak spot given the importance of grid equipment to the company’s growth outlook. GE Vernova’s Orders Jumped 96%

GE Vernova Stock Performance

Shares of NYSE GEV opened at $809.59 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $917.88 and its two-hundred day moving average price is $946.85. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The stock has a market capitalization of $214.28 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.60 and a beta of 1.25.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 earnings per share. As a group, sell-side analysts forecast that GE Vernova Inc. will post 16.13 earnings per share for the current year.

GE Vernova Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is currently 5.25%.

GE Vernova Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century. The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.