DAVENPORT & Co LLC Grows Stake in GE Vernova Inc. $GEV

DAVENPORT & Co LLC raised its holdings in GE Vernova Inc. (NYSE:GEV) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,806 shares of the company’s stock after buying an additional 807 shares during the quarter. DAVENPORT & Co LLC’s holdings in GE Vernova were worth $5,102,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. boosted its holdings in GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares in the last quarter. Wealth Watch Advisors INC bought a new position in GE Vernova in the 3rd quarter worth $25,000. Howard Hughes Medical Institute purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $31,000. Bay Harbor Wealth Management LLC lifted its position 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 purchasing an additional 43 shares during the period. Finally, Monetary Management Group Inc. bought a new stake in shares of GE Vernova during the 2nd quarter valued at about $32,000.

GE Vernova Price Performance

Shares of GE Vernova stock opened at $872.73 on Friday. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $948.38. The firm has a market cap of $235.22 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 3.65 and a beta of 1.45. The company has a 50-day moving average of $799.51 and a 200 day moving average of $680.16.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 EPS for the quarter, topping the consensus estimate of $2.99 by $10.40. The business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. GE Vernova’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 earnings per share. On average, equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GEV shares. BMO Capital Markets reiterated an “outperform” rating and set a $785.00 price target on shares of GE Vernova in a research report on Thursday, January 29th. Barclays restated an “overweight” rating and issued a $849.00 price objective on shares of GE Vernova in a report on Monday, February 2nd. Glj Research lifted their price objective on GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Weiss Ratings upgraded GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada increased their target price on GE Vernova from $761.00 to $800.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $854.52.

Key Headlines Impacting GE Vernova

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

• Positive Sentiment: Erste Group upgraded GE Vernova to “strong‑buy”, adding formal buy-side support that often boosts demand for shares. Zacks
• Positive Sentiment: Morgan Stanley raised its price target to $960, pushing intraday buying and reinforcing optimism around turbine demand and margin leverage. Morgan Stanley PT Raise
• Positive Sentiment: GE Vernova continues to be cast as a key supplier for AI/data‑center power needs — thematic coverage (MarketBeat, Zacks) supports a growth narrative tied to renewables, grid upgrades and turbines, which can lift medium‑term revenue visibility. MarketBeat AI Demand Story
• Positive Sentiment: Reports of institutional buying and inflows into S&P‑linked energy funds increase potential share demand and liquidity for GEV. FXEmpire Institutional Buys Kalkine: S&P‑500 Fund Expansion
• Neutral Sentiment: Industry pieces comparing GE Vernova with peers like AES underline sector tailwinds (data‑center PPAs, renewables) that benefit multiple names; useful for context but not unique to GEV. AES Data Center Demand (Yahoo)
• Neutral Sentiment: Routine market coverage and “outperforms broader market” headlines are amplifying momentum but are descriptive rather than new fundamental catalysts. Yahoo Market Coverage
• Negative Sentiment: Valuation concerns: several articles question whether upside is already priced in after a ~171% one‑year surge, which could limit near‑term upside and make the stock sensitive to any earnings/guide misses. Valuation Concern (Yahoo)

GE Vernova 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.