GE Vernova Inc. $GEV Shares Sold by Geneva Partners LLC

Geneva Partners LLC reduced its position in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 13.7% during the third quarter, Holdings Channel reports. The institutional investor owned 8,541 shares of the company’s stock after selling 1,354 shares during the period. GE Vernova comprises about 2.4% of Geneva Partners LLC’s portfolio, making the stock its 15th largest holding. Geneva Partners LLC’s holdings in GE Vernova were worth $8,118,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC lifted its holdings in shares of GE Vernova by 1.3% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company’s stock worth $635,000 after purchasing an additional 9 shares in the last quarter. Red Door Wealth Management LLC grew its position in GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company’s stock valued at $1,548,000 after purchasing an additional 10 shares during the period. Advance Capital Management Inc. grew its position in GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock valued at $402,000 after purchasing an additional 10 shares during the period. Alpha Financial Partners LLC increased its stake in GE Vernova by 2.0% during the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock valued at $449,000 after purchasing an additional 10 shares in the last quarter. Finally, Sandy Cove Advisors LLC increased its stake in GE Vernova by 2.6% during the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock valued at $457,000 after purchasing an additional 10 shares in the last quarter.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $855.73 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $949.47 and its two-hundred day simple moving average is $934.68. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The stock has a market cap of $227.91 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is presently 5.72%.

Wall Street Analyst Weigh In

GEV has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a report on Monday, October 19th. Citigroup reduced their price objective on shares of GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group raised shares of GE Vernova from a “buy” rating to a “market outperform” rating in a research report on Monday, September 14th. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, TD Cowen upped their target price 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,164.87.

Check Out Our Latest Analysis on GE Vernova

GE Vernova News Roundup

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

About GE Vernova

(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.

Further Reading

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Institutional Ownership by Quarter for GE Vernova (NYSE:GEV)

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