Partners Wealth Management LLC Makes New $626,000 Investment in GE Vernova Inc. $GEV

Partners Wealth Management LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 658 shares of the company’s stock, valued at approximately $626,000.

Other hedge funds also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in shares of GE Vernova during the second quarter worth about $32,000. Pingora Partners LLC acquired a new position in GE Vernova in the second quarter worth about $36,000. Manning & Napier Advisors LLC increased its holdings in GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after buying an additional 13 shares during the last quarter. IMG Wealth Management Inc. bought a new stake in GE Vernova in the second quarter valued at about $39,000. Finally, Miller Global Investments LLC increased its holdings in GE Vernova by 63.6% in the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after buying an additional 14 shares during the last quarter.

GE Vernova Price Performance

Shares of GEV opened at $854.58 on Friday. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62. The stock has a fifty day moving average price of $934.85 and a 200 day moving average price of $940.34. The company has a market cap of $226.19 billion, a P/E ratio of 22.42, a PEG ratio of 2.93 and a beta of 1.14.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $11.99 billion. During the same period last year, the business posted $1.64 earnings per share. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, research analysts forecast that GE Vernova Inc. will post 16.05 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is 5.25%.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova delivered a significant third-quarter beat, reporting $4.81 in EPS versus a $4.03 consensus estimate and $12.64 billion in revenue versus $11.99 billion expected. Revenue increased 26.8% year over year. GE Vernova Q3 Earnings Call Highlights Pricing and Grid Expansion
• Positive Sentiment: Backlog reached approximately $197 billion and orders reportedly nearly doubled, supporting management’s outlook for sustained demand. Gas-turbine buyers are reserving production capacity years in advance, while AI data-center demand is helping drive higher pricing. GE Vernova’s $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: The planned $9 billion acquisition of Trench Group would expand GE Vernova’s high-voltage grid-equipment manufacturing, increase vertical integration, and strengthen its presence in Europe and Asia as electricity demand grows. GE Vernova Agrees $9 Billion Grid Equipment Deal
• Positive Sentiment: HSBC upgraded GEV to Buy and raised its price target to $1,100 from $1,040, arguing that the wind business is largely derisked and past its worst period. Bernstein reaffirmed an Outperform rating, while Susquehanna maintained a $1,250 target. HSBC Upgrades GE Vernova
• Neutral Sentiment: Analyst sentiment remains broadly constructive but divided. JPMorgan lowered its target to $1,035 while retaining Overweight, and Citigroup cut its target to $1,000 with a Neutral rating. GLJ Research raised its target to $540 but kept a Sell rating, implying substantial downside. JPMorgan Analyst Action
• Negative Sentiment: The immediate pressure came from concerns that new order signings slowed relative to the very high backlog, raising questions about backlog conversion and execution. Investors appeared to want stronger evidence that reservations are becoming firm, near-term revenue. GE Vernova’s Reservations Are Turning Into Real Orders
• Negative Sentiment: The $9 billion Trench acquisition adds strategic growth potential but also introduces substantial capital-allocation, integration, and execution risks, particularly as some gas-turbine order momentum moderates. GE Vernova in $9 Billion Deal to Buy High-Voltage Manufacturer

Wall Street Analyst Weigh In

Several brokerages have issued reports on GEV. TD Cowen cut their price objective on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a $1,200.00 target price on shares of GE Vernova in a research report on Thursday. Evercore reiterated an “outperform” rating and issued a $1,350.00 target price on shares of GE Vernova in a research report on Thursday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research report on Monday, October 19th. Finally, Citigroup decreased their price target on shares of GE Vernova from $1,125.00 to $1,000.00 and set a “neutral” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,152.53.

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.