Bank of New York Mellon Corp Trims Stake in GE Vernova Inc. $GEV

Bank of New York Mellon Corp lowered its position in GE Vernova Inc. (NYSE:GEV) by 21.9% in the 3rd quarter, Holdings Channel reports. The fund owned 2,267,266 shares of the company’s stock after selling 635,173 shares during the quarter. Bank of New York Mellon Corp’s holdings in GE Vernova were worth $1,394,142,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in GE Vernova by 16.1% in the third quarter. Federated Hermes Inc. now owns 773,077 shares of the company’s stock worth $475,365,000 after purchasing an additional 107,249 shares in the last quarter. Little House Capital LLC increased its stake in shares of GE Vernova by 5.3% in the 3rd quarter. Little House Capital LLC now owns 577 shares of the company’s stock worth $355,000 after acquiring an additional 29 shares in the last quarter. Marino Stram & Associates LLC purchased a new position in GE Vernova during the 3rd quarter valued at about $216,000. Phoenix Financial Ltd. lifted its position in GE Vernova by 18.4% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,806 shares of the company’s stock valued at $1,111,000 after acquiring an additional 281 shares during the period. Finally, Paragon Private Wealth Management LLC bought a new stake in GE Vernova during the third quarter worth about $223,000.

Key GE Vernova News

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

• Positive Sentiment: Analysts and market coverage highlight a full backlog and high expectations heading into the Q4 release, which supports upside to near-term guidance and sentiment. GE Vernova earnings due with sky-high expectations and a full backlog
• Positive Sentiment: Zacks previews that Q4 should show stronger EBITDA, margin expansion and cash flow even if revenues slip from timing in gas turbines and weak onshore wind — metrics that can underpin higher valuation multiples. GEV Q4 Earnings on the Deck: How to Approach the Stock Now?
• Positive Sentiment: Brokerages’ consensus sits at an average “Moderate Buy,” indicating dealer support that can sustain investor interest into the print. GE Vernova Inc. (NYSE:GEV) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Company narrative is evolving: management changes and AI-driven demand themes are being framed as structural positives for long-term growth and investor story. How GE Vernova’s Leadership Shift And AI Power Demand Themes At GE Vernova (GEV) Has Changed Its Investment Story
• Neutral Sentiment: Zacks also published an earnings-estimate deep dive outlining Wall Street’s top- and bottom-line expectations and key metrics to watch, useful for trade/positioning around the print but not directional by itself. Unlocking Q4 Potential of GE Vernova (GEV): Exploring Wall Street Estimates for Key Metrics
• Negative Sentiment: Market commentary flags oversupply concerns in the sector and a PJM emergency auction proposal that could pressure near-term power equipment demand/pricing. Mixed analyst sentiment on GE Vernova (GEV) amid oversupply concerns and PJM emergency auction proposal
• Negative Sentiment: Prominent commentator Jim Cramer urged caution, saying investors may want a better entry point, which can sap short-term retail buying despite positive fundamentals. Jim Cramer on GE Vernova: “I think you need a better entry point”

Analysts Set New Price Targets

GEV has been the subject of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 10th. Barclays raised their price objective on GE Vernova from $800.00 to $830.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of GE Vernova in a report on Wednesday, December 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $761.00 target price on shares of GE Vernova in a research note on Monday, December 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $649.00 price target (down previously from $816.00) on shares of GE Vernova in a research report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $701.42.

GE Vernova Trading Up 3.9%

GE Vernova stock opened at $691.89 on Wednesday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $731.00. The stock has a fifty day simple moving average of $643.71 and a two-hundred day simple moving average of $619.78. The firm has a market cap of $187.72 billion, a price-to-earnings ratio of 112.69, a PEG ratio of 2.83 and a beta of 1.67.

GE Vernova Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 5th will be given a $0.50 dividend. This is a positive change from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. GE Vernova’s payout ratio is presently 32.57%.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.