GE Vernova Inc. $GEV Stock Bought by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 34.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 38,650 shares of the company’s stock after purchasing an additional 9,950 shares during the period. GE Vernova comprises approximately 1.7% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 18th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in GE Vernova were worth $36,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GEV. Westover Capital Advisors LLC grew its position in shares of GE Vernova by 8.2% during the 3rd quarter. Westover Capital Advisors LLC now owns 1,260 shares of the company’s stock valued at $1,198,000 after buying an additional 95 shares during the last quarter. Peterson Wealth Services raised its stake in GE Vernova by 14.5% during the third quarter. Peterson Wealth Services now owns 601 shares of the company’s stock worth $571,000 after acquiring an additional 76 shares during the period. Leo Wealth LLC bought a new position in GE Vernova in the third quarter worth about $16,544,000. Slow Capital Inc. lifted its holdings in GE Vernova by 8.9% in 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 during the last quarter. Finally, Nadler Financial Group Inc. lifted its holdings in GE Vernova by 2.9% in the third quarter. Nadler Financial Group Inc. now owns 673 shares of the company’s stock worth $640,000 after acquiring an additional 19 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GEV. Weiss Ratings restated a “buy (b)” rating on shares of GE Vernova in a research note on Monday, October 19th. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,298.00 price target (up from $1,206.00) on shares of GE Vernova in a research report on Tuesday, September 15th. Evercore reiterated an “outperform” rating and set a $1,350.00 price target on shares of GE Vernova in a research report on Thursday, October 1st. President Capital raised their price target on GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Oppenheimer boosted their price objective on GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,164.87.

Key Headlines Impacting GE Vernova

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 Stock Up 5.0%

GEV stock opened at $855.73 on Tuesday. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a market capitalization of $227.91 billion, a price-to-earnings ratio of 41.84, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. The firm’s 50-day moving average is $949.47 and its two-hundred day moving average is $934.68. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.

GE Vernova Announces Dividend

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

GE Vernova 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.