Coatue Management 13F: Cuts GE Vernova (GEV) Stake by $901M

Coatue Management has reduced its holdings in GE Vernova Inc. (NYSE:GEV) by 797,816 shares, according to its latest 13F filing with the SEC. This represents a decrease of nearly 24%, bringing its total shares to about 2.57 million valued at approximately $2.33 billion as of the reporting period.

What Changed in Coatue Management's GE Vernova Position

Coatue Management's decision to trim its stake in GE Vernova saw its shares drop from over 3.37 million to around 2.57 million. The change reflects a reduction of 797,816 shares, or about 24%, in its holdings. The value of the stake now stands at roughly $2.33 billion.

Other Institutional Activity in GE Vernova

Several other institutional investors also adjusted their positions in GE Vernova. BlackRock, Inc. slightly reduced its holdings by 157,874 shares, ending with 20.73 million shares valued at about $18.09 billion. FMR LLC made a more significant reduction, cutting 3.15 million shares to hold 18.34 million shares worth approximately $16.01 billion. Meanwhile, Vanguard Capital Management LLC added 17.52 million shares, bringing its total to the same number, valued at around $15.29 billion. State Street Corp also saw a minor reduction, trimming 75,172 shares to 11.39 million shares valued at $9.95 billion. On the other hand, JPMorgan Chase & Co increased its stake by 408,532 shares, totaling 6.75 million shares worth about $5.52 billion.

GE Vernova Inc. Stock Up 19.9%

Shares of GE Vernova (NYSE:GEV) are trading at $906.27. The company has a market capitalization of approximately $252.8 billion. Its P/E ratio stands at 27.51, with a forward P/E of 38.38. The stock has a beta of 1.045, indicating moderate volatility relative to the market. Over the past year, the stock has ranged from a low of $474.21 to a high of $1,181.95. The 50-day moving average is $1,011.85, and the 200-day moving average is $762.71. The company's current ratio is 0.893, with a quick ratio of 0.564, and a debt-to-equity ratio of 24.93.

Recent Earnings

GE Vernova reported revenue of approximately $39.37 billion, with a revenue growth of 16.3%. The company's net margin is 23.81%, and it boasts a return on equity of 75.71%. The next earnings report is scheduled for July 22, 2026.

Dividend

The company offers an annual dividend rate of $2.00, yielding 0.21%. Its dividend payout ratio is 5.11%.

Insider Buying and Selling at GE Vernova Inc.

Recent insider activity at GE Vernova includes CEO Victor Abate selling 4,819 shares at an average price of $948.08 on June 1, 2026. Additionally, several insiders, including Paula Rosput Reynolds and Nicholas Akins, each acquired 173 shares on May 20, 2026, though the transaction prices were not specified.

Analysts Set New Price Targets

Jefferies maintained its "buy" rating on GE Vernova with a price target of $1,210 on June 11, 2026. Earlier, on April 27, BNP Paribas downgraded the stock to "hold" with a target of $1,190. RBC Capital and TD Cowen both maintained "buy" ratings with targets of $1,195 and $1,220, respectively, on April 23. The consensus among 33 analysts is a "buy" rating, with an average target price of $1,211.89.

About GE Vernova

GE Vernova Inc. is an industrial company headquartered in Cambridge, Massachusetts. It operates in the energy sector, providing products and services that generate, transfer, and store electricity globally. The company is divided into three segments: Power, Wind, and Electrification. The Power segment deals with gas, nuclear, hydro, and steam technologies. The Wind segment focuses on wind generation technologies, and the Electrification segment provides grid solutions and solar technologies. GE Vernova employs about 78,000 people and is led by CEO Scott L. Strazik.

Bottom Line

Coatue Management's decision to cut its stake in GE Vernova by nearly 24% is a notable move in the institutional landscape. GE Vernova's stock remains a significant player in the industrial sector, with a robust market presence and continued interest from analysts. Investors keep a close eye on such 13F filings to gauge institutional sentiment, although these filings may not reflect current positions.