Ascent Wealth Partners 13F: Cuts GE Vernova (GEV) Stake by $3M

Ascent Wealth Partners lowered its holdings in GE Vernova Inc. GEV by 3,175 shares during the quarter, bringing its total down to 7,477 shares. According to a Form 13F filing on October 23, 2026, the remaining stake carried a value of about $7.1 million.

GEV GE Vernova Inc.

$815 ▲ +20.16% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Ascent Wealth Partners's GE Vernova Inc. Position

The firm cut its position in the energy company by 29.8%, moving down from 10,652 shares in the previous period. GE Vernova closed at $815.00 on the filing date.

Other Institutional Activity in GE Vernova Inc.

Other investment managers also adjusted their positions in the stock around the same time. Midwest Trust grew its holdings by 14,760 shares, ending with 22,758 shares worth about $21.6 million. Montrusco Bolton Investments lifted its stake by 11,715 shares to a total of 87,243 shares valued at roughly $82.9 million. First Citizens Bank & Trust increased its investment by 3,818 shares, holding 7,021 shares valued at about $6.7 million. On the other hand, Generate Investment Management sold out its entire position by shedding 25,513 shares. Curated Wealth Partners also pared back its stake significantly, reducing its holdings by 205,607 shares to finish with 2,180 shares worth approximately $2.1 million.

GE Vernova Inc. Stock Down 12.0%

GE Vernova shares recently traded around $814.41 as of October 24, 2026, down about 0.1% from their close on the filing date. The stock has experienced a wide 52-week range, stretching from a low of $530.16 to a high of $1,195.94. The recent price sits below both its 50-day moving average of $954.22 and its 200-day moving average of $937.94.

Recent Earnings

GE Vernova reported trailing twelve month revenue of $41.37 billion and earnings of $34.88 per share. The company operates across Power, Wind, and Electrification segments, building equipment that generates and stores electricity.

Dividend

The company pays an annual dividend of $2.00 per share, which translates to a dividend yield of 0.24% based on recent trading levels.

Insider Buying and Selling at GE Vernova Inc.

Company insiders completed several transactions prior to the filing. Chief Financial Officer Kenneth Scott Parks sold 3,300 shares on August 26, 2025, at a price of $620.00 for a total value of $2,046,000. Later, on March 3, 2026, officer Steven Baert disposed of 5,300 shares at $850.00 per share, totaling $4,505,000. Officer Matthew Joseph Potvin sold 2,333 shares on May 14, 2026, at $1,059.09 per share, amounting to $2,470,857. Finally, officer Victor Abate parted with 4,819 shares on June 1, 2026, at an average price of $948.08 for a total of $4,568,798.

Analysts Set New Price Targets

Wall Street firms have kept a close watch on the stock's valuation. GLJ Research initiated coverage with a sell rating and a $470.00 price target on September 14, 2026. Bernstein reiterated its outperform rating and $1,298.00 price target on September 15, 2026. JP Morgan maintained its overweight rating on October 9, 2026, while adjusting its target to $1150.00. Guggenheim reiterated its buy rating and $1,450.00 target on October 13, 2026. Susquehanna maintained a positive rating on October 14, 2026, while moving its price target to $1270.00 from $1300.00.

About GE Vernova Inc.

Based in Cambridge, Massachusetts, GE Vernova operates as an energy equipment maker serving industrial, government, and utility customers worldwide. Its operations focus on power generation technologies, wind turbines, and grid electrification systems.

Bottom Line

Investors are looking ahead to GE Vernova's next earnings report scheduled for October 28, 2026. Market participants continue to track institutional repositioning and broader energy sector trends.