3,287 GE Vernova Inc. $GEV Shares Sold by Convergence Financial LLC

Convergence Financial LLC cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 51.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,082 shares of the company’s stock after selling 3,287 shares during the period. Convergence Financial LLC’s holdings in GE Vernova were worth $2,929,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GEV. BlackRock Inc. purchased a new position in GE Vernova in the 2nd quarter worth about $25,569,630,000. State Street Corp lifted its stake in 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 during the period. Bank of America Corp DE purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $2,961,612,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $2,497,472,000. Finally, Jupiter Topco LLC purchased a new stake in shares of GE Vernova during the 2nd quarter valued at about $2,371,538,000.

GE Vernova Stock Down 2.1%

GE Vernova stock opened at $876.07 on Thursday. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94. The stock has a fifty day moving average of $939.01 and a 200 day moving average of $937.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The stock has a market cap of $233.32 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $12.64 billion for the quarter, compared to analysts’ expectations of $11.99 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the firm posted $1.64 earnings per share. As a group, sell-side analysts predict that GE Vernova Inc. will post 15.04 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. 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 is presently 5.72%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Guggenheim reiterated a “buy” rating and issued a $1,450.00 price target on shares of GE Vernova in a research note on Tuesday, October 13th. TD Cowen increased their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Mizuho raised their target price on shares of GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group raised shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research report on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $1,164.87.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova reported third-quarter adjusted earnings of $4.81 per share versus the $4.03 analyst consensus, while revenue rose 26.8% year over year to $12.64 billion, exceeding expectations of $11.99 billion. GE Vernova Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its 2026 revenue outlook, citing strong demand in its Power business. The company also reported substantial free cash flow and increased its share-repurchase authorization, supporting the bullish long-term investment case. GE Vernova Raises 2026 Guidance and Buyback Authorization
• Positive Sentiment: GE Vernova agreed to acquire high-voltage grid-equipment manufacturer Trench Group for approximately $9 billion. The transaction should expand its Electrification portfolio and increase exposure to grid modernization, energy security and data-center-related power demand. GE Vernova to Acquire Trench Group
• Neutral Sentiment: Orders reportedly surged 96%, lifting the total backlog to roughly $197 billion. However, the market is evaluating whether that growth represents durable, executable demand rather than simply a large backlog headline. GE Vernova Orders Soar 96%
• Negative Sentiment: The principal pressure on GEV is that new orders and newly available production “slots” fell well short of elevated investor expectations. That concern suggests the company may face limits converting its backlog into near-term revenue, prompting selling despite the earnings beat and raised outlook. GE Vernova Stock Falls on New-Order Weakness
• Negative Sentiment: The Trench acquisition increases GE Vernova’s strategic scale but also commits approximately $9 billion of capital, adding execution and integration risks at a premium valuation.

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.