Coatue Management LLC Sells 121,094 Shares of GE Vernova Inc. $GEV

Key Points

• Coatue Management sold 121,094 shares of GE Vernova (a 3.2% reduction), leaving it with 3,634,166 shares worth about $2.235 billion and making GEV its fourth-largest holding (GEV ≈ 5.5% of Coatue's portfolio, and Coatue owns ~1.34% of GEV).
• Industry reports and analysts have turned broadly bullish—citing AI-driven gas-turbine demand and a backlog estimated at roughly $150–$200 billion—leading to multiple upgrades and a consensus "Moderate Buy" target of about $831.29, though valuation and margin concerns raise short-term volatility risk.
• GE Vernova recently delivered a strong earnings beat (EPS $13.39 vs. $2.99 consensus) on $10.96 billion revenue and announced a $0.50 quarterly dividend, underscoring near-term momentum amid longer-term execution and margin questions.

Coatue Management LLC decreased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,634,166 shares of the company's stock after selling 121,094 shares during the quarter. GE Vernova makes up approximately 5.5% of Coatue Management LLC's holdings, making the stock its 4th largest holding. Coatue Management LLC owned 1.34% of GE Vernova worth $2,234,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. boosted its position in shares of GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock worth $25,000 after acquiring an additional 31 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in GE Vernova during the third quarter worth approximately $25,000. Howard Hughes Medical Institute acquired a new position in GE Vernova during the second quarter worth approximately $31,000. Bay Harbor Wealth Management LLC raised its stake in GE Vernova by 537.5% during the third quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company's stock worth $31,000 after purchasing an additional 43 shares during the period. Finally, Monetary Management Group Inc. purchased a new position in GE Vernova during the second quarter worth approximately $32,000.

GE Vernova News Roundup

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

• Positive Sentiment: Management and industry reports say gas-turbine demand is surging and the backlog is growing toward ~$200B by 2028, underpinning revenue visibility and analyst upgrades. GE Vernova Expands Power Role As AI And Grid Backlog Swell
• Positive Sentiment: Analysts have been raising estimates and targets on AI-driven gas-turbine demand and a reported ~$150B backlog, supporting momentum and revisions higher to revenue/earnings forecasts. A Look At GE Vernova (GEV) Valuation After AI Driven Upgrades And US$150b Backlog
• Positive Sentiment: High-profile bullish commentary from Jim Cramer (saying he likes the stock and would buy) can boost retail interest and liquidity in the short term. Jim Cramer on GE Vernova: "I like the stock very much"
• Neutral Sentiment: GE Vernova is expanding manufacturing and supply capacity (Vietnam, Italy, wind facilities) to meet demand — capex and execution will determine margin leverage and timing of revenue realization. Can GE Vernova's Capacity Expansion Power the Global Energy Transition?
• Negative Sentiment: Valuation and profitability concerns: independent analysis flags GEV's rich multiples versus industrial peers and weaker operating margins, suggesting limited upside if growth slows. That supports short-term profit-taking. Is GEV Stock A Better Pick Than Honeywell And Eaton?
• Negative Sentiment: High past gains and recent run-up (strong YTD performance) raise the risk of short-term volatility and pullbacks as some investors lock in gains despite long-term demand signals. GE Vernova: Road To $1,000 As Estimate Revisions Keep Climbing

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. Erste Group Bank started coverage on shares of GE Vernova in a research note on Thursday, March 5th. They set a "buy" rating for the company. The Goldman Sachs Group increased their target price on GE Vernova from $840.00 to $925.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Guggenheim upgraded GE Vernova from a "neutral" rating to a "buy" rating and set a $910.00 target price on the stock in a report on Friday, January 30th. Susquehanna boosted their price target on GE Vernova from $800.00 to $820.00 and gave the company a "positive" rating in a research report on Thursday, January 29th. Finally, Rothschild & Co Redburn upgraded GE Vernova from a "sell" rating to a "buy" rating and raised their price objective for the stock from $560.00 to $1,100.00 in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $831.29.

GE Vernova Price Performance

Shares of GEV stock opened at $804.45 on Friday. The company's fifty day moving average price is $759.92 and its two-hundred day moving average price is $663.84. The firm has a market capitalization of $216.82 billion, a P/E ratio of 45.19, a P/E/G ratio of 3.20 and a beta of 1.45. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $894.93.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. During the same period last year, the firm earned $1.73 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, March 17th. GE Vernova's dividend payout ratio (DPR) is 11.24%.

GE Vernova 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.

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