GE Vernova Inc. $GEV Stock Bought by AlphaCore Capital LLC

Key Points

• AlphaCore Capital increased its GE Vernova stake by 19.5% in the third quarter, buying 2,266 shares to hold 13,906 shares valued at about $13.2 million.
• GE Vernova reported quarterly EPS of $4.81, beating the $4.03 consensus, while revenue rose 26.8% year over year to $12.64 billion.
• Recent business developments include a German wind-turbine project with 20 years of maintenance and selection for a 6-GW transmission project in India; analysts’ average rating is “Moderate Buy,” with a $1,144.20 consensus price target.

AlphaCore Capital LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 19.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,906 shares of the company's stock after buying an additional 2,266 shares during the period. AlphaCore Capital LLC's holdings in GE Vernova were worth $13,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GEV. Alpha Financial Partners LLC raised its stake in GE Vernova by 2.0% during the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock valued at $449,000 after acquiring an additional 10 shares in the last quarter. Sandy Cove Advisors LLC boosted its position in GE Vernova by 2.6% during the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock worth $457,000 after acquiring an additional 10 shares during the period. Mirador Capital Partners LP grew its stake in shares of GE Vernova by 2.5% in the second quarter. Mirador Capital Partners LP now owns 408 shares of the company's stock worth $479,000 after purchasing an additional 10 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of GE Vernova by 15.4% in the second quarter. Elevation Wealth Partners LLC now owns 75 shares of the company's stock worth $88,000 after purchasing an additional 10 shares in the last quarter. Finally, Byrne Asset Management LLC grew its stake in shares of GE Vernova by 1.0% in the third quarter. Byrne Asset Management LLC now owns 980 shares of the company's stock worth $968,000 after purchasing an additional 10 shares in the last quarter.

More GE Vernova News

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

• Positive Sentiment: GE Vernova won its sixth project with Stadtwerke Heidenheim, agreeing to supply three onshore turbines for a German wind farm and provide 20 years of maintenance. The deal supports recurring service revenue, though its financial terms were not disclosed. GE Vernova Lands Wind Turbine Order With 20-Year Service Deal
• Positive Sentiment: Investors also had a broader demand catalyst: Constellation Energy raised its 2026 guidance and announced data-center deals, helping ease concerns that a potential data-center construction slowdown would curb electricity demand. GE Vernova could benefit from continued investment in power generation. GE Vernova Soars as Constellation Raises Guidance
• Positive Sentiment: The company was also selected for a 6-GW high-voltage direct-current transmission corridor in India, a large infrastructure project booked in the fourth quarter. GE Vernova to Support India’s Energy Transition With 6-GW HVDC Transmission Project
• Neutral Sentiment: Reports of a tight market for gas turbines, with new U.S. equipment reportedly taking years to deliver, underscore potential demand for GE Vernova’s products, but do not guarantee additional orders. Shortage of Turbines Drives Market for Second-Hand Market for AI Data Centers
• Negative Sentiment: A separate analysis flagged a $9 billion acquisition as a complication for the company’s valuation and cash-flow outlook, keeping deal-related risks on investors’ radar. GE Vernova Share Price and $9B Acquisition Outlook
• Negative Sentiment: Elon Musk’s claim that SoftBank is defaulting on turbine orders raises a potential customer-demand concern, although the reports do not establish the impact on GE Vernova’s own orders. SoftBank Turbine Orders Warning for GE Vernova

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup lowered their price target on GE Vernova from $1,125.00 to $1,000.00 and set a "neutral" rating on the stock in a report on Thursday, October 29th. Argus reduced their price objective on shares of GE Vernova from $1,300.00 to $1,100.00 and set a "buy" rating for the company in a report on Tuesday, November 3rd. Susquehanna decreased their target price on shares of GE Vernova from $1,270.00 to $1,250.00 and set a "positive" rating for the company in a research report on Thursday, October 29th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,298.00 target price on shares of GE Vernova in a research report on Wednesday, October 28th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $1,144.20.

GE Vernova Stock Up 7.2%

Shares of GEV stock opened at $829.47 on Tuesday. GE Vernova Inc. has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The business's fifty day moving average is $921.67 and its 200-day moving average is $945.42. The stock has a market cap of $219.54 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The company's revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Equities analysts expect that GE Vernova Inc. will post 16.13 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova's dividend payout ratio is presently 5.25%.

GE Vernova Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century.

The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.

GE Vernova serves utilities, power producers, grid operators and other customers around the world.

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.