Main Street Research LLC Acquires 21,037 Shares of GE Vernova Inc. $GEV

Main Street Research LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 76.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,641 shares of the company’s stock after acquiring an additional 21,037 shares during the quarter. Main Street Research LLC’s holdings in GE Vernova were worth $29,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. grew its stake in GE Vernova by 344.4% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after purchasing an additional 31 shares during the period. Wealth Watch Advisors INC bought a new stake in shares of GE Vernova during the 3rd quarter worth $25,000. Howard Hughes Medical Institute purchased a new position in shares of GE Vernova in the 2nd quarter worth about $31,000. Bay Harbor Wealth Management LLC boosted its holdings in shares of GE Vernova by 537.5% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 51 shares of the company’s stock worth $31,000 after buying an additional 43 shares during the last quarter. Finally, Monetary Management Group Inc. bought a new position in GE Vernova during the second quarter valued at about $32,000.

Analysts Set New Price Targets

Several analysts have commented on GEV shares. Robert W. Baird set a $923.00 price objective on shares of GE Vernova and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Barclays reissued an “overweight” rating and set a $849.00 target price on shares of GE Vernova in a research report on Monday, February 2nd. Mizuho set a $714.00 price target on shares of GE Vernova in a report on Tuesday, February 3rd. Wells Fargo & Company lifted their price target on shares of GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Finally, Oppenheimer reissued an “outperform” rating on shares of GE Vernova in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.29.

GE Vernova Stock Down 3.3%

GEV opened at $804.45 on Friday. The firm has a 50-day moving average price of $759.92 and a 200-day moving average price of $663.59. GE Vernova Inc. has a twelve month low of $252.25 and a twelve month high of $894.93. The company has a market capitalization of $216.82 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 3.31 and a beta of 1.45.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. GE Vernova’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is presently 11.24%.

GE Vernova News Summary

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

• Positive Sentiment: Management and industry reports say gas-turbine demand is surging and the backlog is growing toward ~$200B by 2028, underpinning revenue visibility and analyst upgrades. GE Vernova Expands Power Role As AI And Grid Backlog Swell
• Positive Sentiment: Analysts have been raising estimates and targets on AI-driven gas-turbine demand and a reported ~$150B backlog, supporting momentum and revisions higher to revenue/earnings forecasts. A Look At GE Vernova (GEV) Valuation After AI Driven Upgrades And US$150b Backlog
• Positive Sentiment: High-profile bullish commentary from Jim Cramer (saying he likes the stock and would buy) can boost retail interest and liquidity in the short term. Jim Cramer on GE Vernova: “I like the stock very much”
• Neutral Sentiment: GE Vernova is expanding manufacturing and supply capacity (Vietnam, Italy, wind facilities) to meet demand — capex and execution will determine margin leverage and timing of revenue realization. Can GE Vernova’s Capacity Expansion Power the Global Energy Transition?
• Negative Sentiment: Valuation and profitability concerns: independent analysis flags GEV’s rich multiples versus industrial peers and weaker operating margins, suggesting limited upside if growth slows. That supports short-term profit-taking. Is GEV Stock A Better Pick Than Honeywell And Eaton?
• Negative Sentiment: High past gains and recent run-up (strong YTD performance) raise the risk of short-term volatility and pullbacks as some investors lock in gains despite long-term demand signals. GE Vernova: Road To $1,000 As Estimate Revisions Keep Climbing

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.