State Street Corp Acquires 370,842 Shares of GE Vernova Inc. $GEV

State Street Corp boosted its stake in shares of GE Vernova Inc. (NYSE:GEV) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,765,340 shares of the company’s stock after acquiring an additional 370,842 shares during the quarter. State Street Corp’s holdings in GE Vernova were worth $13,828,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Auto Owners Insurance Co increased its position in shares of GE Vernova by 110,973.4% during the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after purchasing an additional 34,826,773 shares during the last quarter. BlackRock Inc. purchased a new position in GE Vernova during the second quarter worth $25,569,630,000. Geode Capital Management LLC increased its position in GE Vernova by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 6,249,193 shares of the company’s stock valued at $4,074,039,000 after acquiring an additional 68,894 shares during the last quarter. Norges Bank bought a new position in GE Vernova during the fourth quarter valued at $2,283,114,000. Finally, Bank of America Corp DE raised its stake in shares of GE Vernova by 20.1% in the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock valued at $2,267,949,000 after acquiring an additional 435,405 shares during the period.

Trending Headlines about GE Vernova

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

• Positive Sentiment: CEO Scott Strazik said GE Vernova’s backlog is on track to reach $200 billion in very early 2027, earlier than many investors expected. The backlog was recently reported at approximately $176 billion, signaling strong demand for gas power, grid equipment, and other energy infrastructure. GE Vernova CEO says $200B backlog target now on track for very early 2027
• Positive Sentiment: The company’s multiyear backlog provides revenue visibility and could help protect GE Vernova from temporary economic weakness or higher interest rates. Analysts have also continued raising price targets, with one report citing a consensus target near $1,237. Wall Street Just Got More Bullish on GE Vernova
• Positive Sentiment: International nuclear expansion, including potential South Korean assistance with U.S. reactor construction, supports the broader market for GE Vernova’s power-generation and grid businesses. International Alliances Fuel US Nuclear Growth
• Neutral Sentiment: Wall Street’s valuation outlook remains exceptionally wide, with published price targets ranging from $470 to $1,450. The gap reflects disagreement over how much of GE Vernova’s backlog and energy-transition growth is already reflected in the shares. Wall Street Cannot Agree on GE Vernova
• Negative Sentiment: Erste Group Bank lowered its FY2027 EPS estimate, adding a near-term earnings risk. GE Vernova also recently missed quarterly EPS expectations despite exceeding revenue estimates, underscoring the need for backlog growth to translate into consistent profitability. FY2027 EPS Estimates for GE Vernova Cut by Erste Group Bank

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of GE Vernova in a research note on Thursday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research report on Tuesday, July 21st. Sanford C. Bernstein restated an “outperform” rating and set a $1,298.00 target price on shares of GE Vernova in a research report on Tuesday, September 15th. Morgan Stanley lowered GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Finally, Glj Research initiated coverage on GE Vernova in a report on Monday, September 14th. They issued a “sell” rating and a $470.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,145.83.

GE Vernova Stock Up 0.6%

NYSE GEV traded up $5.64 on Tuesday, reaching $951.86. 1,080,348 shares of the stock traded hands, compared to its average volume of 2,689,906. GE Vernova Inc. has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a market cap of $253.51 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 4.37 and a beta of 1.15. The company has a fifty day moving average price of $978.71 and a 200-day moving average price of $985.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The business’s revenue was up 21.9% compared to the same quarter last year. As a group, research analysts forecast that GE Vernova Inc. will post 15.36 EPS for the current fiscal year.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.