3,175 GE Vernova Inc. $GEV Shares Sold by Ascent Wealth Partners LLC

Key Points

• Ascent Wealth Partners reduced its GE Vernova position by 29.8%, selling 3,175 shares during the third quarter and retaining 7,477 shares valued at approximately $7.1 million.
• Wall Street remains broadly positive, with GE Vernova carrying a consensus “Moderate Buy” rating and an average price target of $1,164.87, despite some analysts lowering targets or maintaining neutral views.
• GE Vernova reported strong 21.9% year-over-year revenue growth but missed quarterly EPS expectations, while shares opened at $814.37—well below their 52-week high of $1,195.94. The company also declared a quarterly dividend of $0.50 per share.

Ascent Wealth Partners LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 29.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,477 shares of the company's stock after selling 3,175 shares during the quarter. Ascent Wealth Partners LLC's holdings in GE Vernova were worth $7,107,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $25,569,630,000. Bank of America Corp DE acquired a new stake in GE Vernova during the second quarter worth approximately $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter worth approximately $2,497,472,000. Jupiter Topco LLC bought a new position in GE Vernova during the 2nd quarter worth $2,371,538,000. Finally, Janus Henderson Group PLC increased its stake 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 worth $1,316,076,000 after acquiring an additional 1,485,712 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of GE Vernova in a research report on Monday, October 19th. Citigroup dropped their price target on GE Vernova from $1,219.00 to $1,125.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Evercore reaffirmed an "outperform" rating and set a $1,350.00 price objective on shares of GE Vernova in a research report on Thursday, October 1st. 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 note on Tuesday, September 15th. Finally, The Goldman Sachs Group upgraded shares of GE Vernova from a "buy" rating to a "market outperform" rating in a research note on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $1,164.87.

More GE Vernova News

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

• Positive Sentiment: GE Vernova entered multiyear agreements with Venture Global and Baker Hughes covering up to 16 power-island units and transformer equipment. The systems are intended to provide behind-the-meter power for LNG facilities and planned AI data centers, supporting the company’s backlog and exposure to rising electricity demand. Why Is GE Vernova Tied To 16 Off Grid Power Units?
• Positive Sentiment: BMO Capital and Bank of America Securities reportedly maintained or issued Buy views on GEV, while several recent analyses highlighted long-term growth from grid modernization, electrification and expanding power demand. GE Vernova Gets a Buy from BMO Capital
• Neutral Sentiment: Investors are awaiting GE Vernova’s third-quarter 2026 results, with analysts focused on revenue, margins, orders and other operating metrics. The earnings report could clarify whether demand from data centers and broader power infrastructure is translating into profitable growth. Seeking Clues to GE Vernova Q3 Earnings
• Negative Sentiment: GEV fell sharply alongside Vertiv, Bloom Energy and Eaton after Meta’s larger AI spending outlook raised concerns about how data-center expansion will be financed. The move suggests investors are questioning the sustainability, timing and returns of AI infrastructure orders, even though long-term demand remains strong. GE Vernova Slumps as Meta Spending Outlook Stokes AI Financing Worries
• Negative Sentiment: Erste Group slightly reduced its 2027 EPS forecast to $24.36 from $24.55. The modest cut adds to execution concerns, particularly after GE Vernova’s prior quarterly EPS missed expectations despite stronger-than-expected revenue. GE Vernova Earnings Estimate Revision

GE Vernova Trading Down 1.6%

Shares of GEV opened at $814.37 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The firm has a market cap of $216.89 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.82 and a beta of 1.14. The business's fifty day moving average is $947.07 and its 200-day moving average is $1,000.96.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business's revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. Equities analysts anticipate that GE Vernova Inc. will post 15.04 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova's dividend payout ratio is presently 5.72%.

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.

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