Old North State Wealth Management LLC Boosts Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Old North State Wealth Management LLC boosted its stake in GE Vernova (NYSE:GEV) by 281.7% in Q4, buying 4,062 shares to hold 5,504 shares worth $3.598 million, roughly 1.7% of its portfolio and its 23rd largest position.
• Investor and analyst sentiment is broadly positive—multiple firms raised ratings and price targets (MarketBeat average target ≈ $874.91) while GE Vernova pursues Europe expansion and SMR nuclear service deals that underpin bullish momentum.
• Notable risks remain: a lawsuit from Vineyard Wind over offshore-wind work and a ~22.8% rise in short interest to ~7.29 million shares (~2.7% of float) could amplify downside on adverse news.

Old North State Wealth Management LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 281.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,504 shares of the company's stock after purchasing an additional 4,062 shares during the period. GE Vernova makes up approximately 1.7% of Old North State Wealth Management LLC's portfolio, making the stock its 23rd largest position. Old North State Wealth Management LLC's holdings in GE Vernova were worth $3,598,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC grew its position in GE Vernova by 300.0% during the third quarter. Synergy Asset Management LLC now owns 1,884 shares of the company's stock worth $1,078,000 after buying an additional 1,413 shares during the period. J.W. Cole Advisors Inc. grew its position in GE Vernova by 25.3% during the third quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company's stock worth $9,990,000 after buying an additional 3,278 shares during the period. Kercheville Advisors LLC grew its position in GE Vernova by 238.3% during the third quarter. Kercheville Advisors LLC now owns 4,905 shares of the company's stock worth $3,016,000 after buying an additional 3,455 shares during the period. Rakuten Investment Management Inc. acquired a new position in GE Vernova during the third quarter worth about $18,601,000. Finally, US Bancorp DE grew its position in shares of GE Vernova by 2.2% in the third quarter. US Bancorp DE now owns 100,542 shares of the company's stock valued at $61,824,000 after purchasing an additional 2,163 shares during the last quarter.

Key GE Vernova News

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

• Positive Sentiment: Multiple analysts raised ratings/targets and estimates (Susquehanna, Barclays, Goldman Sachs, Erste), driving bullish investor sentiment and supporting higher price targets. GE Vernova (GEV) Stock Is Up, What You Need To Know
• Positive Sentiment: Strategic Europe expansion: signed an MoU with Hungary’s MVM to explore cooperation on generation and grid projects, reinforcing European growth optionality. GE Vernova’s Hungary MoU Adds To Europe Growth And Valuation Debate
• Positive Sentiment: Nuclear services foothold in Europe: Hitachi/GE Vernova signed a main services agreement with AFRY to advance deployment of the BWRX-300 SMR in Europe, expanding addressable markets for high-margin services. GE Vernova Extends Nuclear Ambitions In Europe With New SMR Services Deal
• Neutral Sentiment: Positive sector narrative and media coverage highlight accelerating demand (data center power, grid modernization), but several pieces also note a premium valuation that could temper near-term upside. GE Vernova Is In the Right Place at the Right Time
• Negative Sentiment: Lawsuit from Vineyard Wind seeking to block GE Vernova unit from abandoning work on a $4.5B offshore-wind farm — introduces legal, schedule and potential penalty risk at a high-profile project. Vineyard Wind sues GE Vernova to block it from abandoning work on wind farm
• Negative Sentiment: Short interest jumped ~22.8% in March to ~7.29M shares (≈2.7% of shares short), increasing days-to-cover to ~2.5 — a rise in bearish positioning that can amplify downside on negative news or sell-offs.

Analyst Ratings Changes

GEV has been the topic of several research reports. Glj Research increased their price target on shares of GE Vernova from $758.00 to $1,087.00 and gave the company a "buy" rating in a research report on Monday, January 12th. Erste Group Bank upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Tuesday, March 24th. TD Cowen increased their price target on shares of GE Vernova from $680.00 to $780.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Jefferies Financial Group reiterated a "buy" rating and issued a $930.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Finally, Barclays increased their price target on shares of GE Vernova from $849.00 to $993.00 and gave the company an "overweight" rating in a research report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, GE Vernova presently has an average rating of "Buy" and an average target price of $874.91.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $991.80 on Monday. GE Vernova Inc. has a 1 year low of $306.00 and a 1 year high of $999.43. The firm's 50 day moving average price is $847.25 and its 200 day moving average price is $702.58. The firm has a market cap of $266.66 billion, a P/E ratio of 55.72, a price-to-earnings-growth ratio of 3.90 and a beta of 1.43.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $10.40. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same quarter last year, the business earned $1.73 earnings per share. GE Vernova's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is 11.24%.

About GE Vernova

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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