GE Vernova Inc. $GEV Stock: Keybank National Association OH Boosts Stake

Keybank National Association OH grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,708 shares of the company’s stock after buying an additional 3,626 shares during the quarter. Keybank National Association OH’s holdings in GE Vernova were worth $33,940,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GEV. B. Metzler seel. Sohn & Co. AG increased its position in 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 valued at $27,116,000 after acquiring an additional 6,313 shares during the last quarter. BG Investment Services LLC purchased a new stake in shares of GE Vernova in the third quarter valued at $3,348,000. Citizens Financial Group Inc. RI purchased a new stake in shares of GE Vernova in the second quarter valued at $8,337,000. Sapient Capital LLC lifted its holdings in shares of GE Vernova by 31.4% in 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 during 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.

Key GE Vernova News

Here’s some of the latest news about GEV:

• Positive Sentiment: Third-quarter orders reached $29 billion, up 96% year over year, while the company’s backlog hit a record $197 billion and 2026 revenue guidance was raised—supporting demand visibility despite market concerns. GE Vernova’s Orders Jumped 96%
• Positive Sentiment: GE Vernova plans to invest $34.5 million to expand Louisiana transformer manufacturing capacity, positioning the business to serve rising grid-infrastructure demand. GE Vernova to spend $34.5M expanding Louisiana transformer manufacturing capacity
• Negative Sentiment: SoftBank’s reassessment of plans for an Ohio data center has fueled concern about potential delays or reduced demand for power-generation equipment, weighing on sentiment toward GE Vernova and other AI-power stocks. GE Vernova shares slide after SoftBank revises US data center project plans

Analysts Set New Price Targets

A number of equities analysts recently commented on GEV shares. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Evercore reiterated an “outperform” rating and set a $1,350.00 price target on shares of GE Vernova in a report on Thursday, October 1st. Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.03.

GE Vernova Price Performance

GE Vernova stock opened at $809.59 on Thursday. The stock has a market cap of $214.28 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The firm has a 50-day moving average of $917.88 and a two-hundred day moving average of $946.85.

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

GE Vernova Dividend Announcement

The company 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 $0.50 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is presently 5.25%.

GE Vernova Company 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.