Carnegie Lake Advisors LLC Acquires 2,612 Shares of GE Vernova Inc. $GEV

Key Points

• Carnegie Lake Advisors increased its GE Vernova stake 219.9% in the third quarter, buying 2,612 shares to hold 3,800 shares valued at $3.61 million.
• Other institutional investors also expanded or initiated positions in the company during the quarter, including Paragon Advisors and Elite Wealth Management.
• Analyst sentiment is generally positive but mixed: GE Vernova has a “Moderate Buy” consensus rating and a $1,144.20 average price target, while several firms have recently cut their targets. The company also beat quarterly earnings and revenue estimates.

Carnegie Lake Advisors LLC grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 219.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,800 shares of the company's stock after purchasing an additional 2,612 shares during the period. GE Vernova makes up approximately 3.2% of Carnegie Lake Advisors LLC's holdings, making the stock its 10th largest holding. Carnegie Lake Advisors LLC's holdings in GE Vernova were worth $3,612,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GEV. Paragon Advisors LLC boosted its stake in GE Vernova by 39.3% in the third quarter. Paragon Advisors LLC now owns 3,377 shares of the company's stock worth $3,210,000 after purchasing an additional 953 shares in the last quarter. Elite Wealth Management Inc. lifted its position in GE Vernova by 115.1% during the 3rd quarter. Elite Wealth Management Inc. now owns 6,641 shares of the company's stock valued at $6,312,000 after purchasing an additional 3,553 shares during the period. M Holdings Securities Inc. bought a new position in GE Vernova in the third quarter valued at approximately $3,274,000. Shepherd Financial Partners LLC grew its holdings in GE Vernova by 13.0% during the 3rd quarter. Shepherd Financial Partners LLC now owns 1,482 shares of the company's stock worth $1,408,000 after acquiring an additional 171 shares during the period. Finally, Avantax Planning Partners Inc. lifted its stake in shares of GE Vernova by 21.8% in the 3rd quarter. Avantax Planning Partners Inc. now owns 2,045 shares of the company's stock valued at $1,944,000 after purchasing an additional 366 shares during the period.

Trending Headlines about 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

Wall Street Analyst Weigh In

GEV has been the subject of a number of analyst reports. TD Cowen decreased their price objective on GE Vernova from $1,235.00 to $1,125.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. BNP Paribas Exane cut their price target on shares of GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating on the stock in a research report on Thursday, August 20th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 target price on shares of GE Vernova in a report on Thursday, October 29th. William Blair reissued an "outperform" rating on shares of GE Vernova in a research report on Monday, August 3rd. Finally, Glj Research boosted their price target on shares of GE Vernova from $470.00 to $540.00 and gave the company a "sell" rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $1,144.20.

GE Vernova Stock Up 0.1%

Shares of GEV stock opened at $774.74 on Monday. The firm has a fifty day moving average of $923.33 and a 200-day moving average of $944.61. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a market capitalization of $205.06 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.52 and a beta of 1.25.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $12.64 billion for the quarter, compared to analysts' expectations of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm's revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. As a group, equities research analysts predict that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova's dividend payout ratio is currently 5.25%.

GE Vernova Profile

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.

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