Pinnacle Wealth Management LLC Makes New $1.57 Million Investment in GE Vernova Inc. $GEV
by Tristan Rich · The Markets DailyPinnacle Wealth Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,558 shares of the company’s stock, valued at approximately $1,573,000.
Several other institutional investors and hedge funds also recently made changes to their positions in GEV. Brighton Jones LLC increased its holdings in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock worth $1,091,000 after purchasing an additional 753 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of GE Vernova by 1.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,564 shares of the company’s stock worth $828,000 after buying an additional 26 shares in the last quarter. Advisory Alpha LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $389,000. First National Trust Co increased its stake in shares of GE Vernova by 2.5% in the 2nd quarter. First National Trust Co now owns 870 shares of the company’s stock valued at $460,000 after acquiring an additional 21 shares in the last quarter. Finally, Howard Capital Management Inc. increased its stake in shares of GE Vernova by 33.8% in the 2nd quarter. Howard Capital Management Inc. now owns 1,952 shares of the company’s stock valued at $1,033,000 after acquiring an additional 493 shares in the last quarter.
Trending Headlines about GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: Short interest fell sharply in February (down ~14.7% to 6.06M shares, ~2.3% of shares sold short; days-to-cover ~1.8), reducing immediate bearish pressure and the risk of short-driven volatility.
- Positive Sentiment: Multiple bullish media pieces are highlighting GEV as a primary beneficiary of AI-driven electricity demand and a structural energy upcycle, supporting investor appetite. Why GE Vernova Is The Market’s New Favorite Energy Play
- Positive Sentiment: Long-term buy thesis being promoted by retail/income-focused outlets citing surging demand from data centers and other large electricity consumers. 1 Brilliant Energy Stock to Buy Now and Hold for the Long Term
- Positive Sentiment: Analyst-theme coverage (Zacks/Yahoo) groups GEV with other energy names benefiting from AI power demand, which can attract thematic and momentum flows. Zacks Investment Ideas feature highlights: Bloom Energy, Excelerate Energy and GE Vernova
- Positive Sentiment: Coverage pointing to a potential “growth supercycle” tied to AI-related power needs and shareholder payouts, reinforcing a case for multi-year demand tailwinds. GE Vernova Growth Supercycle Tied To AI Power And Payouts
- Positive Sentiment: High-profile endorsement from media figures increases retail visibility and can boost short-term interest. I Trust GE Vernova (GEV) CEO, Says Jim Cramer
- Neutral Sentiment: Independent/critical write-up provides a deeper look at risks and fundamentals that some investors may weigh against the bullish narrative. GE Vernova (NYSE:GEV) and Montauk Renewables (NASDAQ:MNTK) Critical Analysis
Wall Street Analyst Weigh In
A number of equities research analysts have commented on GEV shares. Robert W. Baird set a $923.00 price target on shares of GE Vernova and gave the stock an “outperform” rating in a report on Wednesday, February 4th. UBS Group reissued a “buy” rating on shares of GE Vernova in a research report on Thursday, January 29th. Oppenheimer reaffirmed an “outperform” rating on shares of GE Vernova in a research report on Thursday, January 29th. Barclays reaffirmed an “overweight” rating and set a $849.00 price target on shares of GE Vernova in a research note on Monday, February 2nd. Finally, Mizuho set a $714.00 price objective on GE Vernova in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $788.24.
Check Out Our Latest Stock Analysis on GE Vernova
GE Vernova Stock Performance
GEV stock opened at $874.61 on Thursday. The business has a 50-day simple moving average of $716.98 and a two-hundred day simple moving average of $645.60. The company has a market capitalization of $235.73 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 3.50 and a beta of 1.67. GE Vernova Inc. has a 52-week low of $252.25 and a 52-week high of $894.93.
GE Vernova (NYSE:GEV – Get Free Report) last posted its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share 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 analyst estimates of $10.21 billion. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.73 earnings per share. As a group, sell-side analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.
GE Vernova Dividend Announcement
The business also recently disclosed 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 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 11.24%.
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.
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