GE Vernova Inc. $GEV Stock Sold by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC cut its GE Vernova position by 15.5% in the third quarter, selling 2,265 shares and retaining 12,322 shares valued at approximately $11.7 million.
• GE Vernova reported third-quarter adjusted EPS of $4.81 and revenue of $12.64 billion, beating estimates, while raising its 2026 revenue outlook amid strong Power demand.
• The company’s proposed $9 billion acquisition of Trench Group would expand its grid-equipment business, but adds execution and integration risks. Analysts maintain a “Moderate Buy” consensus, with an average price target of $1,164.87.

LaFleur & Godfrey LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,322 shares of the company's stock after selling 2,265 shares during the period. GE Vernova accounts for approximately 1.4% of LaFleur & Godfrey LLC's portfolio, making the stock its 25th largest position. LaFleur & Godfrey LLC's holdings in GE Vernova were worth $11,712,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GEV. Parvin Asset Management LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $32,000. Pingora Partners LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $36,000. Manning & Napier Advisors LLC boosted its position in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock worth $26,000 after acquiring an additional 13 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $39,000. Finally, Miller Global Investments LLC increased its holdings in shares of GE Vernova by 63.6% in the 2nd quarter. Miller Global Investments LLC now owns 36 shares of the company's stock valued at $42,000 after acquiring an additional 14 shares during the last quarter.

GE Vernova News Summary

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

• Positive Sentiment: GE Vernova reported third-quarter adjusted earnings of $4.81 per share versus the $4.03 analyst consensus, while revenue rose 26.8% year over year to $12.64 billion, exceeding expectations of $11.99 billion. GE Vernova Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its 2026 revenue outlook, citing strong demand in its Power business. The company also reported substantial free cash flow and increased its share-repurchase authorization, supporting the bullish long-term investment case. GE Vernova Raises 2026 Guidance and Buyback Authorization
• Positive Sentiment: GE Vernova agreed to acquire high-voltage grid-equipment manufacturer Trench Group for approximately $9 billion. The transaction should expand its Electrification portfolio and increase exposure to grid modernization, energy security and data-center-related power demand. GE Vernova to Acquire Trench Group
• Neutral Sentiment: Orders reportedly surged 96%, lifting the total backlog to roughly $197 billion. However, the market is evaluating whether that growth represents durable, executable demand rather than simply a large backlog headline. GE Vernova Orders Soar 96%
• Negative Sentiment: The principal pressure on GEV is that new orders and newly available production “slots” fell well short of elevated investor expectations. That concern suggests the company may face limits converting its backlog into near-term revenue, prompting selling despite the earnings beat and raised outlook. GE Vernova Stock Falls on New-Order Weakness
• Negative Sentiment: The Trench acquisition increases GE Vernova’s strategic scale but also commits approximately $9 billion of capital, adding execution and integration risks at a premium valuation.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Evercore reissued an "outperform" rating and set a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,298.00 price target on shares of GE Vernova in a research note on Wednesday. Weiss Ratings reissued a "buy (b)" rating on shares of GE Vernova in a report on Monday, October 19th. BNP Paribas Exane reduced their price objective on shares of GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating for the company in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of GE Vernova from $1,330.00 to $1,150.00 and set an "overweight" rating on the stock in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,164.87.

GE Vernova Stock Down 2.1%

Shares of NYSE GEV opened at $876.07 on Thursday. The stock has a market cap of $233.32 billion, a PE ratio of 25.07, a price-to-earnings-growth 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. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The business has a 50-day moving average price of $939.01 and a 200 day moving average price of $937.93.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The firm had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. Equities research analysts forecast that GE Vernova Inc. will post 15.04 earnings per share for the current year.

GE Vernova Dividend Announcement

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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova's dividend payout ratio is presently 5.72%.

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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