Leo Wealth LLC Acquires 17,406 Shares of GE Vernova Inc. $GEV

Key Points

• Leo Wealth LLC acquired 17,406 GE Vernova shares worth approximately $16.5 million, making the stock its sixth-largest holding at about 3.5% of the portfolio. Several other institutional investors also increased their positions during the third quarter.
• Analyst sentiment remains favorable, with GE Vernova carrying a consensus “Moderate Buy” rating and an average price target of $1,164.87. Recent targets include BMO’s $1,250 and Susquehanna’s $1,270.
• GE Vernova faces both growth opportunities and risks: new power-generation orders and strong turbine demand support the outlook, while its demanding valuation, weaker wind business, tariffs, and high interest rates could pressure results. The company also declared a quarterly dividend of $0.50 per share.

Leo Wealth LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,406 shares of the company's stock, valued at approximately $16,544,000. GE Vernova makes up about 3.5% of Leo Wealth LLC's holdings, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Slow Capital Inc. raised its stake in GE Vernova by 8.9% during the third quarter. Slow Capital Inc. now owns 2,630 shares of the company's stock worth $2,500,000 after acquiring an additional 216 shares in the last quarter. Nadler Financial Group Inc. boosted its stake in shares of GE Vernova by 2.9% in the 3rd quarter. Nadler Financial Group Inc. now owns 673 shares of the company's stock valued at $640,000 after purchasing an additional 19 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of GE Vernova by 14.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 5,621 shares of the company's stock valued at $5,343,000 after purchasing an additional 695 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of GE Vernova by 16.5% in the 3rd quarter. Sigma Planning Corp now owns 6,113 shares of the company's stock valued at $5,801,000 after purchasing an additional 865 shares in the last quarter. Finally, Centerpoint Advisory Group boosted its stake in shares of GE Vernova by 25.1% in the 3rd quarter. Centerpoint Advisory Group now owns 264 shares of the company's stock valued at $251,000 after purchasing an additional 53 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on GEV. The Goldman Sachs Group raised shares of GE Vernova from a "buy" rating to a "market outperform" rating in a report on Monday, September 14th. BMO Capital Markets reissued 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. TD Cowen raised their target price on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Susquehanna cut their target price on shares of GE Vernova from $1,300.00 to $1,270.00 and set a "positive" rating on the stock in a research report on Wednesday, October 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,164.87.

More 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

GE Vernova Trading Up 5.0%

Shares of NYSE GEV opened at $855.73 on Tuesday. The firm has a 50 day moving average price of $949.47 and a two-hundred day moving average price of $934.68. The stock has a market cap of $227.91 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be paid 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 0.2%. GE Vernova's payout ratio is currently 5.72%.

GE Vernova Company Profile

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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