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

Key Points

• State Street increased its GE Vernova stake by 3.3% in the second quarter, adding 370,842 shares to hold approximately 11.77 million shares, or 4.42% of the company.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $1,145.83, although Morgan Stanley downgraded the stock to “underweight” and price targets vary widely.
• GE Vernova’s backlog is projected to reach $200 billion by early 2027, supporting revenue visibility, but the company recently missed quarterly EPS estimates despite exceeding revenue expectations, highlighting execution and profitability risks.

State Street Corp grew its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,765,340 shares of the company's stock after buying an additional 370,842 shares during the quarter. State Street Corp owned approximately 4.42% of GE Vernova worth $13,828,380,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GEV. Onyx Bridge Wealth Group LLC lifted its holdings in GE Vernova by 1.3% during the first quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company's stock valued at $635,000 after purchasing an additional 9 shares in the last quarter. Red Door Wealth Management LLC increased its stake in shares of GE Vernova by 0.6% in the first quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company's stock worth $1,548,000 after purchasing an additional 10 shares in the last quarter. Advance Capital Management Inc. raised its position in shares of GE Vernova by 2.2% during the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company's stock valued at $402,000 after purchasing an additional 10 shares during the period. Alpha Financial Partners LLC lifted its stake in shares of GE Vernova by 2.0% during the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company's stock valued at $449,000 after buying an additional 10 shares in the last quarter. Finally, Sandy Cove Advisors LLC lifted its stake in shares of GE Vernova by 2.6% during the 2nd quarter. Sandy Cove Advisors LLC now owns 389 shares of the company's stock valued at $457,000 after buying an additional 10 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley lowered GE Vernova from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on GE Vernova from $1,302.00 to $1,330.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Friday, August 7th. Mizuho lifted their target price on GE Vernova from $913.00 to $949.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Finally, Oppenheimer boosted their price target on GE Vernova from $1,303.00 to $1,338.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,145.83.

Key Headlines Impacting 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

GE Vernova Price Performance

NYSE:GEV traded up $5.64 during trading hours on Tuesday, reaching $951.86. The stock had a trading volume of 1,080,348 shares, compared to its average volume of 2,689,906. 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 Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a 50 day moving average price of $978.71 and a two-hundred day moving average price of $985.80. The stock has a market capitalization of $253.51 billion, a PE ratio of 27.28, a PEG ratio of 4.37 and a beta of 1.15.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm's revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 earnings per share. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 15.36 earnings per share for the current fiscal year.

GE Vernova 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.

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