GE Vernova Inc. $GEV Stock: Cornerstone Enterprises LLC Decreases Stake

Key Points

• Cornerstone Enterprises LLC cut its GE Vernova stake by 42% in the third quarter, selling 2,559 shares and retaining 3,529 shares valued at approximately $3.35 million.
• GE Vernova reported quarterly revenue of $11.10 billion, up 21.9% year over year and above estimates, but earnings per share of $2.47 missed expectations of $3.17.
• Shares opened at $928.88, while analysts maintained a generally positive outlook 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.

Cornerstone Enterprises LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 42.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,529 shares of the company's stock after selling 2,559 shares during the period. GE Vernova accounts for 2.0% of Cornerstone Enterprises LLC's portfolio, making the stock its 13th largest holding. Cornerstone Enterprises LLC's holdings in GE Vernova were worth $3,354,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Onyx Bridge Wealth Group LLC increased its stake in GE Vernova by 1.3% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock worth $635,000 after buying an additional 9 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in GE Vernova by 0.6% during the first quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock valued at $1,548,000 after acquiring an additional 10 shares during the period. Advance Capital Management Inc. raised its holdings in GE Vernova by 2.2% during the first quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock valued at $402,000 after acquiring an additional 10 shares during the period. Alpha Financial Partners LLC raised its holdings in GE Vernova by 2.0% during the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock valued at $449,000 after acquiring an additional 10 shares during the period. Finally, Sandy Cove Advisors LLC lifted its position in shares of GE Vernova by 2.6% in the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock valued at $457,000 after acquiring an additional 10 shares in the last quarter.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $928.88 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The company has a market cap of $247.39 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.26 and a beta of 1.14. The firm's fifty day moving average is $964.22 and its two-hundred day moving average is $1,001.66. 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 announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.79 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. The firm's revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, analysts anticipate that GE Vernova Inc. will post 15.04 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. Stockholders 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 dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 5.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GEV shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,250.00 price objective (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. Evercore reissued an "outperform" rating and set a $1,350.00 target price on shares of GE Vernova in a research note on Thursday, October 1st. Morgan Stanley cut GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. dropped their price target on GE Vernova from $1,330.00 to $1,150.00 and set an "overweight" rating for the company in a research note on Friday, October 9th. Finally, Wall Street Zen lowered shares of GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $1,164.87.

GE Vernova News Roundup

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

• Positive Sentiment: Major Venture Global power agreement: GE Vernova and Baker Hughes will 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, reinforcing GE Vernova’s position in behind-the-meter power infrastructure. The reported $17.2 billion headline value represents the maximum potential scope, not a firm commitment. Venture Global inks deals with GE Vernova, Baker Hughes for power expansion
• Positive Sentiment: Analyst support remains strong: Guggenheim assigned GE Vernova a Buy rating, while Susquehanna maintained a positive rating and lowered its price target modestly to $1,270. These targets imply substantial upside from recent trading levels. GE Vernova earns Buy rating from Guggenheim
• Positive Sentiment: Recent coverage highlights strong organic order growth, increased 2026 revenue and free-cash-flow guidance, and a reported backlog of approximately $176 billion. Gas-turbine services and electrification demand linked to AI data centers remain important parts of the bull case. Is GE Vernova undervalued after raising guidance and landing data center power deals?
• Neutral Sentiment: GE Vernova is being discussed as a potential stock-split candidate because of its high share price, but a split would not change the company’s underlying value or earnings prospects. GE Vernova emerges as a prime stock-split candidate
• Negative Sentiment: The recent pullback reflects broader weakness in AI-infrastructure stocks and renewed scrutiny of GE Vernova’s elevated valuation. Coverage has cited a high earnings multiple, making the shares more sensitive to any slowdown in orders, guidance or AI-related spending. GE Vernova builds $176 billion backlog but valuation raises questions

GE Vernova Profile

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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