Elk River Wealth Management LLC Increases Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Elk River Wealth Management increased its GE Vernova stake by 84% in Q1, bringing its holdings to 10,004 shares worth about $8.74 million.
• Several analysts are bullish on GE Vernova, with multiple firms raising price targets and the stock now carrying a Moderate Buy consensus and an average target of $1,089.88.
• GE Vernova reported strong quarterly results, posting EPS of $17.44 versus the $1.95 estimate and revenue of $9.34 billion, while also announcing a $0.50 quarterly dividend.

Elk River Wealth Management LLC increased its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 84.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,004 shares of the company's stock after buying an additional 4,568 shares during the quarter. GE Vernova accounts for 1.4% of Elk River Wealth Management LLC's investment portfolio, making the stock its 18th largest holding. Elk River Wealth Management LLC's holdings in GE Vernova were worth $8,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GEV. Sky Investment Group LLC grew its stake in shares of GE Vernova by 0.5% in the 1st quarter. Sky Investment Group LLC now owns 2,405 shares of the company's stock worth $2,099,000 after acquiring an additional 12 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of GE Vernova by 2.1% in the fourth quarter. RFG Advisory LLC now owns 634 shares of the company's stock valued at $414,000 after purchasing an additional 13 shares during the last quarter. BlackDiamond Wealth Management LLC lifted its position in shares of GE Vernova by 2.8% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 471 shares of the company's stock valued at $308,000 after purchasing an additional 13 shares in the last quarter. First Commonwealth Financial Corp PA boosted its holdings in GE Vernova by 3.5% during the fourth quarter. First Commonwealth Financial Corp PA now owns 380 shares of the company's stock worth $248,000 after purchasing an additional 13 shares during the last quarter. Finally, Apriem Advisors grew its position in GE Vernova by 0.7% in the 4th quarter. Apriem Advisors now owns 2,124 shares of the company's stock worth $1,388,000 after purchasing an additional 14 shares in the last quarter.

Insiders Place Their Bets

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the completion of the sale, the chief accounting officer owned 3,549 shares of the company's stock, valued at approximately $3,758,710.41. This trade represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Victor Abate sold 4,819 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the transaction, the chief executive officer owned 1,835 shares of the company's stock, valued at approximately $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on GEV. Royal Bank Of Canada increased their price objective on shares of GE Vernova from $996.00 to $1,195.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Sanford C. Bernstein began coverage on GE Vernova in a report on Tuesday, June 16th. They issued an "outperform" rating and a $1,206.00 target price for the company. Barclays increased their price target on GE Vernova from $993.00 to $1,250.00 and gave the company an "overweight" rating in a research report on Thursday, April 23rd. Argus set a $1,300.00 target price on GE Vernova in a research report on Monday, April 27th. Finally, Morgan Stanley boosted their price target on shares of GE Vernova from $817.00 to $960.00 and gave the stock an "overweight" rating in a report on Monday, March 23rd. Three research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,089.88.

GE Vernova Price Performance

NYSE GEV opened at $1,125.62 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The company has a market cap of $302.48 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.24. GE Vernova Inc. has a 52 week low of $479.04 and a 52 week high of $1,181.95. The firm's 50-day simple moving average is $1,025.92 and its two-hundred day simple moving average is $853.45.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $15.49. The company had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Research analysts predict that GE Vernova Inc. will post 14.99 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is currently 5.83%.

GE Vernova News Summary

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

• Positive Sentiment: GE Vernova was named among the “13 Best Electrical Infrastructure Stocks to Buy in 2026,” reinforcing bullish sentiment around its position in the power-generation and grid-equipment market. GE Vernova (GEV) – Among the 13 Best Electrical Infrastructure Stocks to Buy in 2026
• Positive Sentiment: Market commentary highlighted GE Vernova as one of the companies “solving the AI power crisis,” which supports the investment case for rising demand tied to AI data centers and grid expansion. 5 Stocks Solving the AI Power Crisis (GEV)
• Positive Sentiment: GE Vernova was also featured in hedge-fund and investing coverage as a high-conviction stock, adding to momentum and reinforcing institutional interest. Top 5 High Conviction Stocks to Buy According to Hedge Funds
• Neutral Sentiment: Several articles reviewed GE Vernova’s Q1 results and compared it with other electrical systems and utilities stocks, keeping the company in focus but not adding a clear new catalyst. Unpacking Q1 Earnings: GE Vernova NYSE: GEV In The Context Of Other Electrical Systems Stocks
• Neutral Sentiment: A comparison article pitted GE Vernova against American Electric Power as a 2026 utilities choice, which is more of a valuation and business-model discussion than a direct stock-moving event. American Electric Power vs. GE Vernova: Which Utilities Stock Is a Better Buy in 2026?

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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