CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $9.5M to GEV Stake

Cushing Asset Management, LP dba NXG Investment Management boosted its position in GE Vernova Inc. (GEV) by 9,950 shares, bringing its total to 38,650 shares. This change, valued at about $9.46 million, was disclosed in a filing on October 26, 2026.

GEV GE Vernova Inc.

$815 ▲ +20.16% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Where GE Vernova Fits in Cushing Asset Management's Portfolio

Cushing Asset Management's stake in GE Vernova now accounts for 2.59% of its reported 13F value, ranking it 11th among the firm's 73 positions. The increase of 9,950 shares represents a 34.67% rise compared to the previous total of 28,700 shares.

Other Institutional Activity in GE Vernova

UniSuper Management reduced its holdings in GE Vernova by 14,852 shares, ending with 59,488 shares valued at approximately $56.5 million. In contrast, Fisher Asset Management, LLC grew its stake significantly by adding 3,555,530 shares, bringing its total to about 3.56 million shares worth around $3.04 billion.

GE Vernova Inc. Stock Up 5.0%

As of October 27, 2026, GE Vernova shares recently traded around $855.36, which is about 5% above the last closing price of $815.00 on October 23, 2026. The stock is currently below its 50-day and 200-day moving averages, which are at $945.37 and $939.83 respectively, and about 28.5% lower than its 52-week high of $1,195.94.

Recent Earnings

GE Vernova reported trailing twelve-month revenue of approximately $41.4 billion, with a net margin of 23.0%. The company is set to announce its next earnings on October 28, 2026.

Insider Buying and Selling at GE Vernova Inc.

Since August 2025, several insiders have sold shares, including Chief Financial Officer Kenneth Scott Parks, who sold 3,300 shares at $620.00 for a total of about $2.05 million. This trend of insider selling could reflect various strategic decisions but does not necessarily indicate a lack of confidence in the company.

Analysts Set New Price Targets

On September 14, 2026, GLJ Research initiated coverage on GE Vernova with a Sell rating and a price target of $470.00. Bernstein reiterated an Outperform rating on September 15 with a target of $1,298.00. The consensus recommendation remains a Buy, with a mean price target of approximately $1,223.97 based on 33 analyst opinions.

About GE Vernova

GE Vernova Inc. is an energy company that provides a range of products and services for generating, transferring, and storing electricity. It operates in three main segments: Power, Wind, and Electrification, serving various customers globally.

Bottom Line

Investors should keep an eye on GE Vernova's upcoming earnings report on October 28, 2026, as well as any further institutional filings. Cushing Asset Management's increased stake reflects a strategic move within its portfolio, highlighting potential growth in the company’s future.