GE Vernova Inc. $GEV Shares Bought by Allworth Financial LP

Key Points

• Allworth Financial LP boosted its stake in GE Vernova by 21.2%, adding 1,476 shares to hold 8,425 shares worth about $5.18 million.
• GE Vernova benefits from major demand catalysts — a combined ~$40 billion SMR commitment with Hitachi and surging gas‑turbine orders from AI/data‑center buildouts — and has raised its 2028 revenue and cash‑flow outlook while spinning off Proficy to focus on core hardware and grid solutions.
• The company reported a blowout quarter (EPS $13.39 vs. $2.99 estimate; revenue $10.96B) and has seen multiple analyst upgrades to a consensus "Moderate Buy" with a ~$831 target, though the stock trades at a high P/E (~47.8), posing valuation and profit‑taking risk.

Allworth Financial LP boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 21.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,425 shares of the company's stock after buying an additional 1,476 shares during the period. Allworth Financial LP's holdings in GE Vernova were worth $5,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. grew its holdings in GE Vernova by 344.4% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company's stock worth $25,000 after buying an additional 31 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in shares of GE Vernova in the third quarter worth $25,000. Howard Hughes Medical Institute bought a new position in shares of GE Vernova during the 2nd quarter valued at $31,000. Bay Harbor Wealth Management LLC raised its stake in shares of GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company's stock valued at $31,000 after acquiring an additional 43 shares in the last quarter. Finally, Monetary Management Group Inc. acquired a new position in GE Vernova during the 2nd quarter worth $32,000.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: Huge nuclear commitment: GE Vernova and Hitachi’s combined ~$40 billion SMR investment would materially expand long-term U.S. nuclear demand for reactors and services, reinforcing decades‑long revenue visibility for GE Vernova’s nuclear-related equipment and services. GE Vernova and Hitachi's $40 Billion SMR Investment Signals a New Era for U.S. Nuclear Energy
• Positive Sentiment: AI/data-center driven turbine demand: Analysts and coverage highlight surging gas‑turbine orders as hyperscale AI data centers boost power demand; backlog has jumped (reported ~83 GW), improving near‑term revenue visibility and supporting higher medium‑term growth assumptions. Can GEV Capitalize on the Exploding Power Demand From AI Data Centers?
• Positive Sentiment: Upgraded outlook and strategic focus: GE Vernova raised its 2028 revenue and cash‑flow outlook on stronger backlog and order momentum across power, wind and electrification, and completed the Proficy divestiture (Velotic) to concentrate on core hardware/grid solutions — a message investors often reward. GE Vernova (GEV) Is Up 5.4% After Raising 2028 Outlook On AI-Driven Power Demand
• Neutral Sentiment: Proficy → Velotic spinout: The newly formed Velotic (TPG-backed) will carry the industrial software/AI business; this simplifies GE Vernova’s portfolio but removes a growing software cash flow stream — a tradeoff between clarity and diversification. GE Vernova Refines Energy Focus As Proficy Joins Velotic AI Platform
• Neutral Sentiment: Market attention and retail/analyst chatter: Multiple outlets and commentators (Zacks, Yahoo, Jim Cramer mentions) are driving elevated interest and volatility in GEV; attention can amplify both rallies and pullbacks. Can GEV Capitalize on the Exploding Power Demand From AI Data Centers?
• Negative Sentiment: Profit‑taking and valuation risk: Despite upbeat operational news, the stock has run sharply (large trailing gains and coverage of spinoff winners) and trades at a high P/E, so some investors are locking in gains — press coverage notes spinoff/separation-related outperformance that may have already been priced in. Spinoff Stocks Beat the S&P 500 While Conglomerate Shares Fall Behind

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Rothschild & Co Redburn raised GE Vernova from a "sell" rating to a "buy" rating and lifted their target price for the stock from $560.00 to $1,100.00 in a research report on Monday, March 9th. Royal Bank Of Canada boosted their price target on shares of GE Vernova from $761.00 to $800.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Wall Street Zen raised GE Vernova from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Guggenheim upgraded GE Vernova from a "neutral" rating to a "buy" rating and set a $910.00 price objective for the company in a report on Friday, January 30th. Finally, Barclays reiterated an "overweight" rating and set a $849.00 price objective on shares of GE Vernova in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $831.29.

GE Vernova Stock Down 3.0%

GEV stock opened at $851.43 on Friday. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $894.93. The firm has a market capitalization of $229.48 billion, a PE ratio of 47.83, a P/E/G ratio of 3.49 and a beta of 1.45. The stock's 50 day moving average is $779.34 and its 200-day moving average is $671.49.

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

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova's payout ratio is currently 11.24%.

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.

Want to see what other hedge funds are holding GEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Vernova Inc. (NYSE:GEV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.