GE Vernova Inc. $GEV Stock Purchased by Elite Wealth Management Inc.

Key Points

• Elite Wealth Management increased its GE Vernova stake by 115.1% in the third quarter, ending the period with 6,641 shares valued at about $6.31 million.
• GE Vernova beat quarterly estimates, reporting EPS of $4.81 versus $4.03 expected and revenue of $12.64 billion versus $11.99 billion; revenue rose 26.8% year over year.
• Analyst sentiment is broadly positive but not unanimous: MarketBeat reports a “Moderate Buy” consensus and an average price target of $1,144.20, alongside both bullish ratings and some downgrades.

Elite Wealth Management Inc. raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 115.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,641 shares of the company's stock after acquiring an additional 3,553 shares during the period. GE Vernova accounts for approximately 1.2% of Elite Wealth Management Inc.'s portfolio, making the stock its 23rd largest position. Elite Wealth Management Inc.'s holdings in GE Vernova were worth $6,312,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. M Holdings Securities Inc. acquired a new stake in shares of GE Vernova in the third quarter valued at approximately $3,274,000. Shepherd Financial Partners LLC increased its holdings in shares of GE Vernova by 13.0% in the 3rd quarter. Shepherd Financial Partners LLC now owns 1,482 shares of the company's stock valued at $1,408,000 after acquiring an additional 171 shares during the period. Avantax Planning Partners Inc. increased its holdings in shares of GE Vernova by 21.8% in the 3rd quarter. Avantax Planning Partners Inc. now owns 2,045 shares of the company's stock valued at $1,944,000 after acquiring an additional 366 shares during the period. Richard Young Associates Ltd. increased its holdings in shares of GE Vernova by 8.2% in the 3rd quarter. Richard Young Associates Ltd. now owns 302 shares of the company's stock valued at $287,000 after acquiring an additional 23 shares during the period. Finally, Cullinan Associates Inc. raised its position in GE Vernova by 67.3% in the 3rd quarter. Cullinan Associates Inc. now owns 2,008 shares of the company's stock valued at $1,909,000 after purchasing an additional 808 shares during the last quarter.

Analyst Ratings Changes

GEV has been the subject of a number of recent research reports. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price target on shares of GE Vernova in a research note on Thursday, October 29th. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Royal Bank Of Canada lifted their price objective on shares of GE Vernova from $1,225.00 to $1,230.00 and gave the company an "outperform" rating in a research note on Thursday, October 29th. Mizuho upped their target price on shares of GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Susquehanna reduced 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 report on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus price target of $1,144.20.

Trending Headlines about GE Vernova

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

• Positive Sentiment: GE Vernova’s backlog and order growth, along with three increases to its 2026 guidance, support the longer-term earnings outlook. The article also points to gas turbines as a potential source of future high-margin service revenue. Article: GE Vernova Is Up 18% in 2026 After Three Guidance Raises
• Positive Sentiment: Some investors view the stock’s decline as a potential buying opportunity, arguing that GE Vernova supplies power equipment Nvidia and other technology companies need, while the company continues to add orders. Article: GE Vernova Has Something Nvidia Needs Under a Democratic Congress
• Neutral Sentiment: Analyst views are mixed: one report noted an Argus Research Buy rating, while other recent coverage highlighted a downgrade and a pessimistic price outlook. This leaves uncertainty about whether the selloff has made GEV an attractive value. Article: GE Vernova Receives a Buy from Argus Research
• Negative Sentiment: A reported analyst downgrade contributed to a sharp decline in the shares, adding pressure to a stock already hit by a broader selloff in data-center-related names. Article: GE Vernova Shares Down 9.4% on Analyst Downgrade
• Negative Sentiment: Newly elected Democratic officials in Texas have pledged to pause approvals for large AI data-center projects, and proposals elsewhere could bring tighter energy, zoning, and environmental reviews. If projects are delayed, demand for the power generation and grid equipment GE Vernova sells could be affected. Article: GE Vernova Sees New Risks From AI Data Center Permitting Pause

GE Vernova Stock Performance

NYSE:GEV opened at $774.74 on Monday. The firm's fifty day moving average price is $923.33 and its 200 day moving average price is $944.61. 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 current ratio of 0.83 and a quick ratio of 0.62. The firm has a market cap of $205.06 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.52 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 (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to analysts' expectations of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. GE Vernova's revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. On average, sell-side analysts expect that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova's 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.

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