DNB Asset Management AS Has $67.94 Million Holdings in GE Vernova Inc. $GEV

Key Points

• DNB Asset Management AS increased its stake in GE Vernova by 13.7% in the fourth quarter, ending with 103,956 shares valued at about $67.94 million.
• GE Vernova has been attracting broad institutional buying, with several hedge funds and asset managers adding to positions or initiating new ones in recent periods.
• The company is benefiting from strong earnings and bullish analyst sentiment: its latest quarter beat expectations by a wide margin, and multiple brokerages raised price targets, with consensus still at a Moderate Buy.

DNB Asset Management AS grew its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,956 shares of the company's stock after purchasing an additional 12,531 shares during the period. DNB Asset Management AS's holdings in GE Vernova were worth $67,943,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GEV. Brighton Jones LLC increased its position in GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after purchasing an additional 753 shares during the last quarter. Schnieders Capital Management LLC. increased its position in GE Vernova by 1.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company's stock worth $828,000 after purchasing an additional 26 shares during the last quarter. Jump Financial LLC acquired a new position in GE Vernova in the 2nd quarter worth about $258,000. Ossiam acquired a new position in GE Vernova in the 2nd quarter worth about $42,000. Finally, Nebula Research & Development LLC increased its position in GE Vernova by 23.9% in the 2nd quarter. Nebula Research & Development LLC now owns 1,674 shares of the company's stock worth $886,000 after purchasing an additional 323 shares during the last quarter.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova’s recent “blowout” earnings continue to support bullish sentiment, with investors viewing the results as evidence that the company is benefiting from strong demand, improved execution, and a growing backlog. Article Title
• Positive Sentiment: Argus raised its price target on GE Vernova to $1,300 and kept a Buy rating after the company’s strong quarter, reinforcing the view that the stock can still re-rate higher if growth stays strong. Article Title
• Positive Sentiment: GE Vernova and Blue Energy announced a major U.S. nuclear-and-gas power plant collaboration, highlighting the company’s role in solving rising electricity demand from AI data centers and new industrial loads. Article Title
• Positive Sentiment: Recent coverage also points to strong orders, global project wins, and a faster path toward a $200 billion backlog target, all of which support the bull case for GE Vernova’s power and electrification businesses. Article Title
• Neutral Sentiment: The broader market backdrop was relatively calm, with indexes holding near highs, so GEV’s move appears more tied to company-specific catalysts than to a sector-wide risk-off shift. Article Title
• Negative Sentiment: Some analysts caution that GE Vernova’s premium valuation and potential tariff-related costs could limit upside, suggesting the stock may be vulnerable if growth expectations cool. Article Title

GE Vernova Stock Performance

GEV opened at $1,048.74 on Friday. The firm has a market capitalization of $281.82 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 4.08 and a beta of 1.51. The stock's 50 day moving average price is $957.76 and its two-hundred day moving average price is $774.61. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. GE Vernova Inc. has a 12-month low of $421.64 and a 12-month high of $1,181.95.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company's revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. On average, equities analysts forecast that GE Vernova Inc. will post 14.84 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th were given a $0.50 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is currently 5.83%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GEV. TD Cowen increased their price objective on GE Vernova from $780.00 to $1,220.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Evercore increased their price objective on GE Vernova from $860.00 to $905.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Rothschild & Co Redburn raised GE Vernova from a "sell" rating to a "buy" rating and increased their price objective for the company from $560.00 to $1,100.00 in a report on Monday, March 9th. BNP Paribas Exane lowered GE Vernova from an "outperform" rating to a "neutral" rating and set a $1,190.00 price objective on the stock. in a report on Monday, April 27th. Finally, Oppenheimer set a $1,303.00 price objective on GE Vernova in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,090.76.

About GE Vernova

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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