GE Vernova Inc. $GEV Position Boosted by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators increased its position in GE Vernova Inc. (NYSE:GEV) by 15.8% in the third quarter, Holdings Channel.com reports. The firm owned 37,685 shares of the company’s stock after acquiring an additional 5,142 shares during the period. GE Vernova comprises approximately 0.8% of PBU The Pension Fund of Early Childhood & Youth Educators’ portfolio, making the stock its 26th largest holding. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in GE Vernova were worth $35,819,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of GE Vernova in the 2nd quarter valued at about $25,569,630,000. State Street Corp grew its position 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 worth $13,828,380,000 after buying an additional 370,842 shares during the period. Bank of America Corp DE grew its position in shares of GE Vernova by 20.1% during the 1st quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock worth $2,267,949,000 after buying an additional 435,405 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova during the second quarter worth approximately $2,497,472,000. Finally, Jupiter Topco LLC bought a new stake in shares of GE Vernova during the second quarter worth approximately $2,371,538,000.

GE Vernova Price Performance

NYSE GEV opened at $818.25 on Friday. The business has a 50 day simple moving average of $915.80 and a 200 day simple moving average of $947.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. 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 cap of $216.57 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.63 and a beta of 1.25.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data 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 firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the business posted $1.64 earnings per share. Analysts anticipate that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared 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 of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GEV. Morgan Stanley cut shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. Glj Research reiterated a “sell” rating and set a $540.00 target price on shares of GE Vernova in a research report on Tuesday. Evercore reissued an “outperform” rating and issued a $1,350.00 price target on shares of GE Vernova in a research note on Thursday, October 1st. TD Cowen reduced their price target on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Finally, Oppenheimer restated an “outperform” rating on shares of GE Vernova in a research report on Wednesday, October 28th. Two research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,143.03.

Top GE Vernova Stories

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

• Positive Sentiment: One analysis argues that only about 20% of GE Vernova’s gas-turbine customers are data centers, suggesting the company may be less exposed to an AI-spending pullback than investors fear. GE Vernova’s customer mix
• Neutral Sentiment: A technical analysis says the recent pullback is testing support, while analyst targets remain elevated; this frames the price action but does not establish that a rebound is assured. GEV price and support analysis
• Negative Sentiment: GE Vernova’s Ontario small modular nuclear reactor project is reportedly facing construction delays and rising costs, raising execution and cost-overrun concerns. Ontario nuclear project delays and costs

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.