GE Vernova Inc. $GEV Stock Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in GE Vernova Inc. (NYSE:GEV) by 9.2% in the third quarter, Holdings Channel.com reports. The firm owned 24,727 shares of the company’s stock after acquiring an additional 2,086 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in GE Vernova were worth $23,503,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GEV. BlackRock Inc. purchased a new stake in GE Vernova in the 2nd quarter worth approximately $25,569,630,000. State Street Corp grew its holdings 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 in the last quarter. Bank of America Corp DE purchased a new position in shares of GE Vernova during the 2nd quarter valued at $2,961,612,000. Bank of New York Mellon Corp purchased a new position in shares of GE Vernova during the 2nd quarter valued at $2,497,472,000. Finally, Jupiter Topco LLC acquired a new position in shares of GE Vernova in the second quarter worth $2,371,538,000.

GE Vernova News Summary

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

• Positive Sentiment: GE Vernova secured an order to supply a gas turbine and generator for a 372-megawatt combined-cycle power plant in Côte d’Ivoire. The project expands the company’s presence in West Africa and supports its strategy of growing its Gas Power business in new markets. GE Vernova (GEV) Lands 372 MW Côte D’Ivoire Power Plant Order
• Positive Sentiment: Bank of America maintained its Buy rating and a $1,310 price target, signaling continued confidence in GE Vernova’s long-term exposure to grid investment, electrification, and rising electricity demand. BofA keeps Buy rating for GE Vernova stock at USD 1,310 target
• Positive Sentiment: Investors are watching demand for heavy-duty gas turbines and potential growth in high-margin service revenue. Strong third-quarter orders, full-year gigawatt bookings, or additional HA turbine-unit commitments could reinforce the bullish power-demand thesis. GE Vernova Reports Oct. 28
• Neutral Sentiment: GE Vernova is scheduled to report third-quarter results before the market opens on Wednesday, October 28. Guidance may have a greater effect on sentiment than the quarter’s results because expectations are already high. Energy Stock GE Vernova Eyes This Week’s Earnings Call
• Negative Sentiment: Analysts caution that GE Vernova’s valuation remains demanding even after a recent decline. Wind revenue and orders have weakened since 2024, while tariffs, higher interest rates, and possible industry earnings reductions could pressure results and investor expectations. GE Vernova: The Biggest Risk Is Not Demand

Analysts Set New Price Targets

GEV has been the subject of several recent research reports. Evercore reiterated an “outperform” rating and set a $1,350.00 price objective on shares of GE Vernova in a report on Thursday, October 1st. Susquehanna lowered their target price on GE Vernova from $1,300.00 to $1,270.00 and set a “positive” rating on the stock in a research note on Wednesday, October 14th. Mizuho upped their target price on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. Finally, TD Cowen raised their price target on GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,164.87.

GE Vernova Stock Up 5.0%

GEV stock opened at $855.73 on Tuesday. 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 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a fifty day simple moving average of $949.47 and a 200 day simple moving average of $934.68. The firm has a market cap of $227.91 billion, a PE ratio of 24.49, a PEG ratio of 2.82 and a beta of 1.14.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued 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 dividend payout ratio (DPR) is 5.72%.

About GE Vernova

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.