3,553 GE Vernova Inc. $GEV Shares Acquired by Elite Wealth Management Inc.

Elite Wealth Management Inc. grew its holdings in GE Vernova Inc. (NYSE:GEV) by 115.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,641 shares of the company’s stock after buying an additional 3,553 shares during the quarter. GE Vernova accounts for about 1.2% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Elite Wealth Management Inc.’s holdings in GE Vernova were worth $6,312,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Alpha Financial Partners LLC grew its holdings in GE Vernova by 2.0% during the first quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock worth $449,000 after acquiring an additional 10 shares during the period. Sandy Cove Advisors LLC lifted its holdings in GE Vernova by 2.6% in the second quarter. Sandy Cove Advisors LLC now owns 389 shares of the company’s stock valued at $457,000 after acquiring an additional 10 shares during the period. Mirador Capital Partners LP boosted its position in shares of GE Vernova by 2.5% during the 2nd quarter. Mirador Capital Partners LP now owns 408 shares of the company’s stock worth $479,000 after purchasing an additional 10 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of GE Vernova by 15.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 75 shares of the company’s stock worth $88,000 after purchasing an additional 10 shares in the last quarter. Finally, Byrne Asset Management LLC boosted its position in shares of GE Vernova by 1.0% during the 3rd quarter. Byrne Asset Management LLC now owns 980 shares of the company’s stock worth $968,000 after purchasing an additional 10 shares in the last quarter.

GE Vernova Stock Up 0.1%

GEV opened at $774.74 on Monday. The business’s fifty day moving average is $923.33 and its two-hundred day moving average is $944.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83. The company has a market cap of $205.06 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.52 and a beta of 1.25. GE Vernova Inc. has a one year low of $530.16 and a one year high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The company had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. GE Vernova’s revenue was up 26.8% compared to the same quarter last year. Analysts anticipate that GE Vernova Inc. will post 16.13 EPS for the current fiscal year.

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 given a $0.50 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s payout ratio is currently 5.25%.

GE Vernova News Roundup

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

• Positive Sentiment: GE Vernova’s backlog and order growth, along with three increases to its 2026 guidance, support the longer-term earnings outlook. The article also points to gas turbines as a potential source of future high-margin service revenue. Article: GE Vernova Is Up 18% in 2026 After Three Guidance Raises
• Positive Sentiment: Some investors view the stock’s decline as a potential buying opportunity, arguing that GE Vernova supplies power equipment Nvidia and other technology companies need, while the company continues to add orders. Article: GE Vernova Has Something Nvidia Needs Under a Democratic Congress
• Neutral Sentiment: Analyst views are mixed: one report noted an Argus Research Buy rating, while other recent coverage highlighted a downgrade and a pessimistic price outlook. This leaves uncertainty about whether the selloff has made GEV an attractive value. Article: GE Vernova Receives a Buy from Argus Research
• Negative Sentiment: A reported analyst downgrade contributed to a sharp decline in the shares, adding pressure to a stock already hit by a broader selloff in data-center-related names. Article: GE Vernova Shares Down 9.4% on Analyst Downgrade
• Negative Sentiment: Newly elected Democratic officials in Texas have pledged to pause approvals for large AI data-center projects, and proposals elsewhere could bring tighter energy, zoning, and environmental reviews. If projects are delayed, demand for the power generation and grid equipment GE Vernova sells could be affected. Article: GE Vernova Sees New Risks From AI Data Center Permitting Pause

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Wednesday, October 28th. Argus reduced their price objective on shares of GE Vernova from $1,300.00 to $1,100.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Citigroup lowered their target price on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Finally, Evercore reaffirmed an “outperform” rating and issued a $1,350.00 target price on shares of GE Vernova in a report on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,144.20.

GE Vernova Company Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century.

The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.

GE Vernova serves utilities, power producers, grid operators and other customers around the world.