ProShare Advisors LLC Sells 1,497 Shares of GE Vernova Inc. $GEV

ProShare Advisors LLC decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,868 shares of the company’s stock after selling 1,497 shares during the quarter. ProShare Advisors LLC’s holdings in GE Vernova were worth $40,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Advance Capital Management Inc. boosted its holdings in GE Vernova by 2.2% during the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock valued at $402,000 after acquiring an additional 10 shares during the period. Alpha Financial Partners LLC increased its stake in GE Vernova by 2.0% in the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock worth $449,000 after purchasing an additional 10 shares during the period. Sandy Cove Advisors LLC increased its stake in GE Vernova by 2.6% in the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock worth $457,000 after purchasing an additional 10 shares during the period. Mirador Capital Partners LP increased its stake in GE Vernova by 2.5% in the second quarter. Mirador Capital Partners LP now owns 408 shares of the company’s stock worth $479,000 after purchasing an additional 10 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in shares of GE Vernova by 15.4% during the second quarter. Elevation Wealth Partners LLC now owns 75 shares of the company’s stock worth $88,000 after purchasing an additional 10 shares during the last quarter.

GE Vernova Trading Down 0.4%

Shares of NYSE GEV opened at $854.58 on Monday. 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 business has a fifty day simple moving average of $934.85 and a two-hundred day simple moving average of $940.34. The firm has a market cap of $226.19 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94.

GE Vernova (NYSE:GEV) last issued its earnings results 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. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $11.99 billion. During the same period in the prior year, the business earned $1.64 EPS. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. Analysts expect that GE Vernova Inc. will post 16.05 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

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

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

Analyst Ratings Changes

A number of brokerages have recently issued reports on GEV. Sanford C. Bernstein reissued an “outperform” rating and set a $1,298.00 target price on shares of GE Vernova in a research note on Wednesday, October 28th. Glj Research raised their price target on shares of GE Vernova from $470.00 to $540.00 and gave the stock a “sell” rating in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of GE Vernova from $1,150.00 to $1,035.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup decreased their price objective on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Evercore reissued an “outperform” rating and issued a $1,350.00 price objective on shares of GE Vernova in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,152.53.

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.