GE Vernova Inc. $GEV Stock Sold by Kessler Investment Group LLC

Kessler Investment Group LLC decreased its position in shares of GE Vernova Inc. (NYSE:GEV) by 7.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,142 shares of the company’s stock after selling 584 shares during the quarter. GE Vernova makes up 3.1% of Kessler Investment Group LLC’s holdings, making the stock its 11th largest holding. Kessler Investment Group LLC’s holdings in GE Vernova were worth $6,788,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Auto Owners Insurance Co raised its holdings in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after acquiring an additional 34,826,773 shares during the period. BlackRock Inc. bought a new position in shares of GE Vernova in the second quarter worth about $25,569,630,000. Bank of America Corp DE bought a new position in shares of GE Vernova in the second quarter worth about $2,961,612,000. Bank of New York Mellon Corp purchased a new stake in shares of GE Vernova during the second quarter worth about $2,497,472,000. Finally, Jupiter Topco LLC purchased a new stake in shares of GE Vernova during the second quarter worth about $2,371,538,000.

GE Vernova News Roundup

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

• Positive Sentiment: GE Vernova’s gas turbines are reportedly sold out, positioning the company as a critical supplier of reliable power for expanding AI data centers. The opportunity is broader than direct data-center sales, since only about 20% of the company’s order book is tied to that market. GE Vernova Isn’t an AI Stock. It’s the Reason AI Stocks Work Only 20% of GE Vernova’s Order Book Is Data Centers
• Positive Sentiment: Growing backlog, nuclear expansion, long-term energy contracts and services growth are improving revenue visibility and supporting the longer-term investment case. These themes have helped GEV rise substantially over the past year. Could GE Vernova Be Your Ticket to Generational Wealth? GE Vernova Surges 9.4% in a Month
• Positive Sentiment: GE Vernova plans to double its number of MIT interns and permanent hires in 2027, an investment that could strengthen its engineering and talent pipeline as demand grows. GE Vernova to Double the Number of MIT Interns and Permanent Hires in 2027
• Positive Sentiment: Heavy buying interest and billionaire investor Ken Fisher’s sharply increased position reinforce institutional enthusiasm for GEV’s AI-power and electrification exposure. What’s behind an explosion of buying Why Billionaire Ken Fisher Went Big on GE Vernova
• Neutral Sentiment: Recent coverage comparing GE Vernova with other electrical-systems companies highlights strong growth but offers limited new company-specific information. Q2 Rundown: GE Vernova Vs Other Electrical Systems Stocks
• Negative Sentiment: After a roughly 70% one-year advance, analysts are questioning whether GEV’s valuation is supported by the cash the business can generate. Supply constraints, tariffs and the possibility that AI enthusiasm cools are additional risks. GE Vernova Stock Appears Overvalued Following Its 70% Run
• Negative Sentiment: GE Vernova recently decreased more than the broader market, and weaker after-hours trading suggests investors may be taking profits while reassessing its premium valuation. GE Vernova Dips More Than Broader Market

GE Vernova Price Performance

NYSE GEV traded down $12.39 during trading on Thursday, hitting $984.70. 1,000,807 shares of the stock traded hands, compared to its average volume of 2,641,752. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The firm has a 50-day simple moving average of $967.21 and a 200-day simple moving average of $997.58. The company has a market capitalization of $262.25 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 3.48 and a beta of 1.14.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. As a group, analysts predict that GE Vernova Inc. will post 15.38 EPS for the current year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be paid 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%. GE Vernova’s dividend payout ratio is presently 5.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GEV shares. The Goldman Sachs Group raised GE Vernova from a “buy” rating to a “market outperform” rating in a report on Monday, September 14th. Wall Street Zen cut shares of GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,298.00 price objective (up from $1,206.00) on shares of GE Vernova in a research report on Tuesday, September 15th. BMO Capital Markets reissued an “outperform” rating and issued a $1,250.00 target price (up from $1,110.00) on shares of GE Vernova in a report on Friday, August 7th. Finally, TD Cowen raised their target price on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $1,171.87.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company formed through the separation of General Electric’s energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.