GE Vernova Inc. $GEV Stock: Banque Pictet & Cie SA Raises Holdings

Key Points

• Banque Pictet & Cie SA increased its GE Vernova stake by 60.4% in the third quarter, purchasing 3,520 additional shares and bringing its holdings to 9,345 shares valued at approximately $8.9 million.
• GE Vernova’s growth outlook is supported by rising electricity demand from AI data centers, a reported 116-gigawatt gas-turbine backlog and a potential agreement to supply up to 16 gas-fired power units for Venture Global projects.
• Shares opened at $919.18, down 0.8%, while analyst sentiment remained broadly positive with a “Moderate Buy” consensus and an average price target of $1,164.87; the company also declared a quarterly dividend of $0.50 per share.

Banque Pictet & Cie SA grew its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 60.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,345 shares of the company's stock after purchasing an additional 3,520 shares during the quarter. Banque Pictet & Cie SA's holdings in GE Vernova were worth $8,882,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Cyndeo Wealth Partners LLC lifted its stake in GE Vernova by 5.7% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,000 shares of the company's stock valued at $951,000 after buying an additional 54 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of GE Vernova by 3.0% during the third quarter. Eagle Bay Advisors LLC now owns 379 shares of the company's stock valued at $360,000 after acquiring an additional 11 shares during the period. Aspiriant LLC grew its position in shares of GE Vernova by 3.2% during the third quarter. Aspiriant LLC now owns 1,118 shares of the company's stock worth $1,063,000 after acquiring an additional 35 shares during the last quarter. Shelton Wealth Management LLC acquired a new stake in shares of GE Vernova in the 3rd quarter worth about $361,000. Finally, Pension & Wealth Management Advisors Inc. increased its holdings in shares of GE Vernova by 224.7% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 315 shares of the company's stock worth $300,000 after acquiring an additional 218 shares during the period.

Key GE Vernova News

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

• Positive Sentiment: Large Venture Global power agreement: GE Vernova and Baker Hughes agreed to supply equipment for up to 16 gas-fired power units, each with 720 megawatts of capacity. The projects could support LNG facilities and future AI data centers, although the reported $17.2 billion value represents a maximum opportunity rather than a fully committed order. Venture Global inks deals with GE Vernova, Baker Hughes for power expansion
• Positive Sentiment: AI-related electricity demand supports the growth story: GE Vernova’s gas-turbine backlog reportedly reached 116 gigawatts, while data-center orders exceeded $5 billion earlier in 2026. Its ability to provide generation, grid equipment and data-center power infrastructure could create recurring revenue opportunities as electricity demand rises. GE Vernova: AI's Next Bottleneck Is Electricity
• Positive Sentiment: Some analysts remain bullish: Guggenheim initiated or reiterated a Buy rating, while another analyst sees substantial upside ahead of third-quarter results. Recent coverage also points to higher revenue and free-cash-flow guidance and strong organic order growth. GE Vernova Earns Buy Rating from Guggenheim
• Neutral Sentiment: Wind-business leadership change: GE Vernova will begin 2027 with a new CEO for its Wind business. The change may be intended to support execution but introduces a leadership-transition factor for investors to monitor. GE Vernova to start 2027 with new Wind CEO
• Negative Sentiment: Susquehanna lowered its expectations for GEV’s stock price: The target reduction reinforced near-term valuation concerns and was followed by a sharp decline in the shares. Selling was also amplified by a broader pullback in AI-related infrastructure stocks. Susquehanna Has Lowered Expectations for GE Vernova Stock Price

GE Vernova Stock Down 0.8%

Shares of NYSE:GEV opened at $919.18 on Friday. The company has a market cap of $244.80 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.21 and a beta of 1.14. The firm has a 50 day simple moving average of $962.80 and a 200 day simple moving average of $1,001.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business's quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. As a group, research analysts expect that GE Vernova Inc. will post 15.04 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 5.72%.

Analyst Ratings Changes

GEV has been the topic of a number of recent analyst reports. Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Citigroup lowered their target price on GE Vernova from $1,219.00 to $1,125.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets reiterated an "outperform" rating and issued a $1,250.00 target price (up from $1,110.00) on shares of GE Vernova in a research report on Friday, August 7th. Evercore reiterated an "outperform" rating and issued a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,164.87.

About GE Vernova

GE Vernova Inc NYSE: GEV is an energy technology company formed through the separation of General Electric's energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.

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