Altfest L J & Co. Inc. Has $2.64 Million Stake in GE Vernova Inc. $GEV

Altfest L J & Co. Inc. lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 217.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,041 shares of the company’s stock after acquiring an additional 2,767 shares during the quarter. Altfest L J & Co. Inc.’s holdings in GE Vernova were worth $2,641,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of GE Vernova by 441.7% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 65 shares of the company’s stock valued at $43,000 after acquiring an additional 53 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of GE Vernova by 50.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 128 shares of the company’s stock valued at $84,000 after acquiring an additional 43 shares in the last quarter. KG&L Capital Management LLC boosted its holdings in shares of GE Vernova by 33.1% during the 4th quarter. KG&L Capital Management LLC now owns 817 shares of the company’s stock valued at $534,000 after acquiring an additional 203 shares in the last quarter. Successful Portfolios LLC boosted its holdings in shares of GE Vernova by 3.5% during the 4th quarter. Successful Portfolios LLC now owns 508 shares of the company’s stock valued at $316,000 after acquiring an additional 17 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of GE Vernova by 22.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 1,244 shares of the company’s stock valued at $813,000 after acquiring an additional 228 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on GEV shares. TD Cowen lifted their target price on GE Vernova from $680.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Erste Group Bank raised GE Vernova to a “strong-buy” rating in a report on Tuesday, March 24th. Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Oppenheimer reaffirmed an “outperform” rating on shares of GE Vernova in a report on Thursday, January 29th. Finally, Zacks Research raised GE Vernova from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, GE Vernova currently has a consensus rating of “Buy” and an average target price of $874.91.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $991.80 on Friday. GE Vernova Inc. has a one year low of $306.00 and a one year high of $999.43. The firm has a market capitalization of $266.66 billion, a price-to-earnings ratio of 55.72, a PEG ratio of 3.90 and a beta of 1.43. The business has a 50-day simple moving average of $847.25 and a 200 day simple moving average of $702.06.

GE Vernova (NYSE:GEV) last issued its 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. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The business had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.21 billion. During the same period in the previous year, the company posted $1.73 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date 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 11.24%.

Key Stories Impacting GE Vernova

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

• Positive Sentiment: Multiple analysts raised ratings/targets and estimates (Susquehanna, Barclays, Goldman Sachs, Erste), driving bullish investor sentiment and supporting higher price targets. GE Vernova (GEV) Stock Is Up, What You Need To Know
• Positive Sentiment: Strategic Europe expansion: signed an MoU with Hungary’s MVM to explore cooperation on generation and grid projects, reinforcing European growth optionality. GE Vernova’s Hungary MoU Adds To Europe Growth And Valuation Debate
• Positive Sentiment: Nuclear services foothold in Europe: Hitachi/GE Vernova signed a main services agreement with AFRY to advance deployment of the BWRX-300 SMR in Europe, expanding addressable markets for high-margin services. GE Vernova Extends Nuclear Ambitions In Europe With New SMR Services Deal
• Neutral Sentiment: Positive sector narrative and media coverage highlight accelerating demand (data center power, grid modernization), but several pieces also note a premium valuation that could temper near-term upside. GE Vernova Is In the Right Place at the Right Time
• Negative Sentiment: Lawsuit from Vineyard Wind seeking to block GE Vernova unit from abandoning work on a $4.5B offshore-wind farm — introduces legal, schedule and potential penalty risk at a high-profile project. Vineyard Wind sues GE Vernova to block it from abandoning work on wind farm
• Negative Sentiment: Short interest jumped ~22.8% in March to ~7.29M shares (≈2.7% of shares short), increasing days-to-cover to ~2.5 — a rise in bearish positioning that can amplify downside on negative news or sell-offs.

About GE Vernova

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.