Illinois Municipal Retirement Fund Sells 646 Shares of GE Vernova Inc. $GEV

Illinois Municipal Retirement Fund trimmed its holdings in GE Vernova Inc. (NYSE:GEV) by 4.0% in the third quarter, Holdings Channel reports. The fund owned 15,392 shares of the company’s stock after selling 646 shares during the period. Illinois Municipal Retirement Fund’s holdings in GE Vernova were worth $14,630,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new position in shares of GE Vernova during the 2nd quarter valued at about $32,000. Strategic Wealth Advisors LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at approximately $35,000. Pingora Partners LLC acquired a new position in shares of GE Vernova in the 2nd quarter valued at approximately $36,000. IMG Wealth Management Inc. acquired a new position in shares of GE Vernova in the 2nd quarter valued at approximately $39,000. Finally, Miller Global Investments LLC increased its stake in GE Vernova by 63.6% during the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock worth $42,000 after purchasing an additional 14 shares in the last quarter.

Analyst Ratings Changes

Several analysts have commented on GEV shares. BNP Paribas Exane dropped 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. President Capital lifted their price target on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. 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 shares of GE Vernova from a “hold” rating to a “buy” rating and increased their price objective for the stock from $1,040.00 to $1,100.00 in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.03.

More GE Vernova News

These are some of the GEV news items that stood out recently:

• 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: 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 GE Vernova stock opened at $809.59 on Thursday. The firm 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 stock’s 50-day moving average is $917.88 and its 200-day moving average is $946.85. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. 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 (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. GE Vernova’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. Equities analysts predict that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a 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.