GE Vernova Inc. $GEV Shares Sold by Segment Wealth Management LLC

Posted by Francis Steltz on Oct 27th, 2026

Segment Wealth Management LLC trimmed its position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 4.1% in the third quarter, Holdings Channel reports. The fund owned 57,082 shares of the company’s stock after selling 2,456 shares during the quarter. GE Vernova comprises approximately 2.8% of Segment Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Segment Wealth Management LLC’s holdings in GE Vernova were worth $54,256,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of GE Vernova during the 2nd quarter worth about $25,569,630,000. State Street Corp boosted its stake in GE Vernova by 3.3% during the 2nd quarter. State Street Corp now owns 11,765,340 shares of the company’s stock valued at $13,828,380,000 after purchasing an additional 370,842 shares during the period. Bank of America Corp DE acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $2,961,612,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova in the 2nd quarter valued at approximately $2,497,472,000. Finally, Jupiter Topco LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $2,371,538,000.

Analyst Ratings Changes

Several research analysts have commented on GEV shares. President Capital lifted their price target on GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Evercore reissued an “outperform” rating and issued a $1,350.00 price objective on shares of GE Vernova in a research report on Thursday, October 1st. Oppenheimer boosted their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $1,250.00 target price (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. Finally, William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Monday, August 3rd. Two equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,164.87.

Check Out Our Latest Analysis on GE Vernova

GE Vernova News Summary

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%

GE Vernova stock opened at $855.73 on Tuesday. The business has a 50 day moving average price of $949.47 and a two-hundred day moving average price of $934.68. 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 market cap of $227.91 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. 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 disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova’s payout ratio is currently 5.72%.

GE Vernova Company Profile

(Free Report)

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.