GE Vernova Inc. $GEV Shares Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its stake in shares of GE Vernova Inc. (NYSE:GEV) by 50.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,209 shares of the company’s stock after purchasing an additional 742 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in GE Vernova were worth $2,100,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in GE Vernova in the 2nd quarter worth approximately $25,569,630,000. 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. Jupiter Topco LLC purchased a new position in shares of GE Vernova during the 2nd quarter valued at $2,371,538,000. Finally, Janus Henderson Group PLC increased its stake in shares of GE Vernova by 4,358.6% in the first quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company’s stock worth $1,316,076,000 after acquiring an additional 1,485,712 shares during the last quarter.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Strong power-demand trends support the outlook. AI-related electricity consumption, grid investment and broader electrification continue to drive demand for GE Vernova’s power-generation and grid equipment. The company’s approximately $176 billion backlog provides substantial future revenue visibility. GE Vernova Stocks Rise Before $176 Billion Backlog Test
• Positive Sentiment: New international gas-power order adds to the growth narrative. GE Vernova secured an order to supply a gas turbine and generator for a 372-megawatt combined-cycle power plant in Côte d’Ivoire, expanding its presence in a developing power market. GE Vernova Lands 372 MW Côte d’Ivoire Power Plant Order
• Positive Sentiment: Analyst support remains favorable. Bank of America maintained a Buy rating and a $1,310 price target, reinforcing bullish sentiment ahead of the earnings release. BofA Keeps Buy Rating for GE Vernova
• Neutral Sentiment: Earnings expectations are elevated. Analysts are examining projected revenue, earnings per share and operating metrics for the September quarter. Investors will likely pay particular attention to gigawatt orders, heavy-duty HA turbine shipments, service revenue and management’s full-year outlook. Exploring Analyst Estimates for GE Vernova Q3 Earnings
• Negative Sentiment: Valuation and execution risks could limit further gains. Wind-market weakness, tariff uncertainty and the possibility that strong results are already reflected in the stock price raise the risk of a sell-the-news reaction. ETF outflows also represent a modest near-term technical headwind. GE Vernova: The Biggest Risk Is Not Demand

GE Vernova Trading Up 4.9%

Shares of GEV stock opened at $897.17 on Wednesday. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The business’s 50 day moving average is $941.61 and its two-hundred day moving average is $936.70.

GE Vernova Dividend Announcement

The business 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GEV. TD Cowen increased their price objective on GE Vernova from $1,220.00 to $1,235.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. William Blair restated an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a report on Friday, August 7th. The Goldman Sachs Group upgraded GE Vernova from a “buy” rating to a “market outperform” rating in a report on Monday, September 14th. Finally, Morgan Stanley downgraded GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $1,164.87.

GE Vernova Company Profile

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.