Kornitzer Capital Management Inc. KS Acquires 992 Shares of GE Vernova Inc. $GEV

Kornitzer Capital Management Inc. KS boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 9.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,759 shares of the company’s stock after acquiring an additional 992 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in GE Vernova were worth $11,177,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,569,630,000. Bank of America Corp DE bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $2,961,612,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $2,497,472,000. Jupiter Topco LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $2,371,538,000. Finally, Janus Henderson Group PLC boosted its position in GE Vernova by 4,358.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock valued at $1,316,076,000 after purchasing an additional 1,485,712 shares during the period.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: GE Vernova’s backlog and order growth, along with three increases to its 2026 guidance, support the longer-term earnings outlook. The article also points to gas turbines as a potential source of future high-margin service revenue. Article: GE Vernova Is Up 18% in 2026 After Three Guidance Raises
• Positive Sentiment: Some investors view the stock’s decline as a potential buying opportunity, arguing that GE Vernova supplies power equipment Nvidia and other technology companies need, while the company continues to add orders. Article: GE Vernova Has Something Nvidia Needs Under a Democratic Congress
• Neutral Sentiment: Analyst views are mixed: one report noted an Argus Research Buy rating, while other recent coverage highlighted a downgrade and a pessimistic price outlook. This leaves uncertainty about whether the selloff has made GEV an attractive value. Article: GE Vernova Receives a Buy from Argus Research
• Negative Sentiment: A reported analyst downgrade contributed to a sharp decline in the shares, adding pressure to a stock already hit by a broader selloff in data-center-related names. Article: GE Vernova Shares Down 9.4% on Analyst Downgrade
• Negative Sentiment: Newly elected Democratic officials in Texas have pledged to pause approvals for large AI data-center projects, and proposals elsewhere could bring tighter energy, zoning, and environmental reviews. If projects are delayed, demand for the power generation and grid equipment GE Vernova sells could be affected. Article: GE Vernova Sees New Risks From AI Data Center Permitting Pause

GE Vernova Price Performance

NYSE GEV opened at $774.74 on Friday. The company has a 50-day moving average price of $923.33 and a two-hundred day moving average price of $944.61. 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 $205.06 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.25. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company 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 46.50% and a net margin of 23.54%. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Analysts forecast that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is currently 5.25%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GEV shares. Susquehanna lowered their price objective on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating for the company in a research note on Thursday, October 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of GE Vernova in a research report on Thursday, October 29th. Guggenheim cut their target price on GE Vernova from $1,450.00 to $1,400.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. TD Cowen reduced their price target on shares of GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $1,144.20.

About GE Vernova

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.

GE Vernova serves utilities, power producers, grid operators and other customers around the world.