GE Vernova Inc. $GEV Shares Newly Purchased by Harold Davidson & Associates Inc.

Key Points

• Harold Davidson & Associates acquired 2,640 GE Vernova shares worth approximately $2.5 million in the third quarter, while several other investment firms also increased or initiated positions.
• GE Vernova reported strong quarterly results, with adjusted EPS of $4.81 exceeding estimates and revenue rising 26.8% year over year to $12.64 billion. The company also declared a quarterly dividend of $0.50 per share.
• Analyst sentiment remains broadly positive but mixed, with a consensus “Moderate Buy” rating and an average price target of $1,150.87, alongside several recent target reductions and one downgrade.

Harold Davidson & Associates Inc. acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,640 shares of the company's stock, valued at approximately $2,509,000. GE Vernova accounts for 1.0% of Harold Davidson & Associates Inc.'s holdings, making the stock its 22nd biggest position.

A number of other large investors have also recently made changes to their positions in GEV. TSG Advice Partners LLC purchased a new stake in GE Vernova in the third quarter worth $309,000. One Way Holdings LLC boosted its stake in shares of GE Vernova by 4.7% during the 3rd quarter. One Way Holdings LLC now owns 27,933 shares of the company's stock valued at $26,550,000 after purchasing an additional 1,251 shares in the last quarter. Welch Group LLC boosted its stake in shares of GE Vernova by 39.1% during the 3rd quarter. Welch Group LLC now owns 1,082 shares of the company's stock valued at $1,029,000 after purchasing an additional 304 shares in the last quarter. Trek Financial LLC increased its position in shares of GE Vernova by 33.0% during the third quarter. Trek Financial LLC now owns 347 shares of the company's stock valued at $329,000 after buying an additional 86 shares during the period. Finally, Woodmont Investment Counsel LLC increased its position in shares of GE Vernova by 24.4% during the third quarter. Woodmont Investment Counsel LLC now owns 291 shares of the company's stock valued at $276,000 after buying an additional 57 shares during the period.

GE Vernova Stock Up 0.4%

GEV stock opened at $861.60 on Tuesday. GE Vernova Inc. has a twelve month low of $530.16 and a twelve month high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market cap of $229.47 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 3.04 and a beta of 1.14. The business has a 50 day moving average of $932.95 and a 200 day moving average of $941.39.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The business had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The company's revenue for the quarter was up 26.8% compared to the same quarter last year. On average, research analysts forecast that GE Vernova Inc. will post 16.05 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors 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 yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova's dividend payout ratio is 5.25%.

Wall Street Analysts Forecast Growth

GEV has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of GE Vernova from $1,150.00 to $1,035.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Evercore reiterated an "outperform" rating and set a $1,350.00 target price on shares of GE Vernova in a report on Thursday, October 1st. Morgan Stanley lowered GE Vernova from an "overweight" rating to an "underweight" rating in a research report on Monday, August 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research report on Monday, October 19th. Finally, Mizuho raised their price objective on GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,150.87.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova is positioned as a key supplier of power-generation equipment and electrical infrastructure for data centers. The International Energy Agency expects data-center electricity demand to roughly double through 2030, with AI-focused facilities tripling, supporting a long-term growth narrative. Why GE Vernova Stock Crept Higher on Monday
• Positive Sentiment: Recent fundamentals remain strong: third-quarter organic orders increased 96%, and management raised its 2026 guidance. Guggenheim maintained a Buy rating and still sees substantial upside, despite trimming its price target to $1,400 from $1,450. GE Vernova Keeps Sliding Even After Raising Guidance
• Positive Sentiment: Zacks upgraded GEV to a Rank #2, or Buy, reflecting improving expectations for the company’s earnings prospects. What Makes GE Vernova a New Buy Stock
• Neutral Sentiment: Jefferies removed GE Vernova from its preferred-ideas list and selected Nextpower instead, but the move does not represent a change to Jefferies’ earnings forecast. It nevertheless highlights competition for investor attention in the power-equipment sector. GE Vernova Stocks Rise With Jefferies Removal
• Negative Sentiment: Some newly elected politicians could seek to limit data-center development or its electricity demand, creating a potential risk to the company’s data-center-driven growth outlook. Why GE Vernova Stock Crept Higher on Monday
• Negative Sentiment: Analyst sentiment is mixed: Guggenheim reduced its target, while an earlier downgrade weighed on the shares. A separate report cites a $540 target, materially below the recent trading level, although that figure appears inconsistent with the more bullish targets and should be treated cautiously. GE Vernova Stock Falls Following Analyst Downgrade

GE Vernova Profile

GE Vernova Inc NYSE: GEV is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

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