Narwhal Capital Management Acquires 3,744 Shares of GE Vernova Inc. $GEV

Narwhal Capital Management acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,744 shares of the company’s stock, valued at approximately $3,559,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of GE Vernova during the second quarter worth $25,569,630,000. State Street Corp increased its holdings in shares of GE Vernova by 3.3% during the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock worth $13,828,380,000 after buying an additional 370,842 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of GE Vernova by 20.1% in the 1st quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock valued at $2,267,949,000 after acquiring an additional 435,405 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of GE Vernova in the 2nd quarter valued at $2,497,472,000. Finally, Jupiter Topco LLC bought a new position in shares of GE Vernova in the 2nd quarter valued at $2,371,538,000.

Wall Street Analyst Weigh In

GEV has been the topic of several recent research reports. Susquehanna cut their price objective on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating on the stock in a report on Thursday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a report on Monday, October 19th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,298.00 target price on shares of GE Vernova in a research report on Wednesday, October 28th. The Goldman Sachs Group raised GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. Finally, President Capital boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,144.20.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: GE Vernova plans to invest $34.5 million to expand transformer manufacturing in Shreveport, Louisiana, aiming to meet rising demand for grid equipment. Article: GE Vernova to spend $34.5M expanding Louisiana transformer manufacturing capacity
• Positive Sentiment: The company reported new hydrogen-testing milestones for its aeroderivative gas turbines, potentially strengthening its position in lower-carbon power generation. Article: GE Vernova Advances Hydrogen Capabilities for Aeroderivative Gas Turbines with New Milestones
• Positive Sentiment: A German customer ordered three onshore wind turbines along with a 20-year service agreement, adding equipment sales and potential recurring service revenue. Article: GE Vernova Stock In Focus After Germany Wind Turbine Order
• Neutral Sentiment: GE Vernova’s backlog reached a reported record $197 billion and the company raised its 2026 revenue guidance. These fundamentals support demand, though the stock’s decline suggests investors are weighing how reliably that backlog will convert into growth. Article: GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week
• Negative Sentiment: Shares came under pressure after SoftBank revised plans for U.S. data-center projects, raising concerns about potential changes to expected power demand and related equipment orders. Article: GE Vernova shares slide after SoftBank revises US data center project plans
• Negative Sentiment: The broader AI-power stock group retreated after a recent rally, adding sector-level pressure. GLJ Research also reaffirmed its sell rating and $540 price target, signaling a bearish analyst view. Article: GE Vernova Declines as AI Power Stocks Give Back Monday’s Rally

GE Vernova Trading Down 4.1%

Shares of NYSE GEV opened at $795.38 on Wednesday. The firm has a 50 day moving average price of $919.64 and a two-hundred day moving average price of $946.09. The stock has a market cap of $210.52 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. GE Vernova Inc. has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.62 and a current ratio of 0.83.

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

GE Vernova Announces Dividend

The business 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 yield of 0.3%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio is presently 5.25%.

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.