GE Vernova Inc. $GEV Stock: Segment Wealth Management LLC Lowers Position

Key Points

• Segment Wealth Management LLC reduced its GE Vernova position by 4.1% in the third quarter, selling 2,456 shares and retaining 57,082 shares valued at approximately $54.3 million.
• Despite the sale, several major institutions—including BlackRock, Bank of America and Bank of New York Mellon—established sizable positions in GE Vernova. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,164.87.
• GE Vernova declared a quarterly dividend of $0.50 per share, equal to $2.00 annually and a 0.2% yield. Shares opened at $855.73, while investors are also monitoring upcoming earnings, gas-turbine demand and risks from valuation, tariffs and weakness in wind orders.

Segment Wealth Management LLC reduced its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,082 shares of the company's stock after selling 2,456 shares during the period. GE Vernova comprises about 2.8% of Segment Wealth Management LLC's holdings, making the stock its 6th largest position. Segment Wealth Management LLC's holdings in GE Vernova were worth $54,256,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GEV. BlackRock Inc. acquired a new position in GE Vernova in the second quarter worth approximately $25,569,630,000. Bank of America Corp DE bought a new position in GE Vernova during the second quarter valued at approximately $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova in the second quarter valued at approximately $2,497,472,000. Jupiter Topco LLC acquired a new stake in GE Vernova in the second quarter valued at approximately $2,371,538,000. Finally, Janus Henderson Group PLC grew its position in GE Vernova by 4,358.6% in the first quarter. Janus Henderson Group PLC now owns 1,519,799 shares of the company's stock worth $1,316,076,000 after acquiring an additional 1,485,712 shares in the last quarter.

GE Vernova Stock Up 5.0%

Shares of GE Vernova stock opened at $855.73 on Tuesday. The stock has a market capitalization of $227.91 billion, a P/E ratio of 24.49, a PEG ratio of 2.82 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $949.47 and a two-hundred day moving average price of $934.68. GE Vernova Inc. has a 12-month low of $530.16 and a 12-month high of $1,195.94.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a $0.50 dividend. The ex-dividend date of this dividend 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 currently 5.72%.

Key GE Vernova News

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

• Positive Sentiment: GE Vernova secured an order to supply a gas turbine and generator for a 372-megawatt combined-cycle power plant in Côte d’Ivoire. The project expands the company’s presence in West Africa and supports its strategy of growing its Gas Power business in new markets. GE Vernova (GEV) Lands 372 MW Côte D’Ivoire Power Plant Order
• Positive Sentiment: Bank of America maintained its Buy rating and a $1,310 price target, signaling continued confidence in GE Vernova’s long-term exposure to grid investment, electrification, and rising electricity demand. BofA keeps Buy rating for GE Vernova stock at USD 1,310 target
• Positive Sentiment: Investors are watching demand for heavy-duty gas turbines and potential growth in high-margin service revenue. Strong third-quarter orders, full-year gigawatt bookings, or additional HA turbine-unit commitments could reinforce the bullish power-demand thesis. GE Vernova Reports Oct. 28
• Neutral Sentiment: GE Vernova is scheduled to report third-quarter results before the market opens on Wednesday, October 28. Guidance may have a greater effect on sentiment than the quarter’s results because expectations are already high. Energy Stock GE Vernova Eyes This Week’s Earnings Call
• Negative Sentiment: Analysts caution that GE Vernova’s valuation remains demanding even after a recent decline. Wind revenue and orders have weakened since 2024, while tariffs, higher interest rates, and possible industry earnings reductions could pressure results and investor expectations. GE Vernova: The Biggest Risk Is Not Demand

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GEV. Morgan Stanley lowered shares of GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Citigroup cut their price target on shares of GE Vernova from $1,219.00 to $1,125.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a "buy" rating and issued a $1,185.00 price objective (up from $1,155.00) on shares of GE Vernova in a research note on Thursday, September 17th. William Blair reiterated an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Finally, TD Cowen upped their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,164.87.

About GE Vernova

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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