Sawyer & Company Inc Makes New $1.39 Million Investment in GE Vernova Inc. $GEV

Sawyer & Company Inc bought a new position in GE Vernova Inc. (NYSE:GEV) during the third quarter, Holdings Channel reports. The fund bought 1,464 shares of the company’s stock, valued at approximately $1,392,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GEV. Parvin Asset Management LLC bought a new position in shares of GE Vernova in the second quarter worth approximately $32,000. Pingora Partners LLC bought a new stake in GE Vernova during the second quarter valued at approximately $36,000. Manning & Napier Advisors LLC increased its stake in shares of GE Vernova by 68.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock worth $26,000 after purchasing an additional 13 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in GE Vernova during the second quarter valued at $39,000. Finally, Miller Global Investments LLC grew its holdings in GE Vernova by 63.6% during the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after purchasing an additional 14 shares during the period.

GE Vernova News Roundup

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

• Positive Sentiment: Large backlog points to future growth. GE Vernova’s backlog has reached approximately $176 billion and could approach $200 billion in early 2027. Recurring revenue and expected margin expansion provide visibility into future sales and profitability. GE Vernova’s $176 Billion Backlog, Explained
• Positive Sentiment: Data-center and LNG opportunities are expanding. Venture Global signed power agreements involving GE Vernova and Baker Hughes that could support LNG growth and eventually enable as much as 10 gigawatts of data-center capacity by 2034, reinforcing demand tied to artificial-intelligence infrastructure. VG Inks Power Agreements With GEV, BKR to Support LNG Growth
• Positive Sentiment: New projects and grid investment support the long-term outlook. GE Vernova outlined pathways for Spain to achieve reliable, net-zero electricity by 2050, highlighting grid upgrades, energy storage and dependable generation. The company also secured an order intended to strengthen regional power capacity in Côte d’Ivoire. GE Vernova Highlights Spain’s Path to Reliable, Net-Zero Electricity
• Neutral Sentiment: Earnings are the next major catalyst. Analysts expect earnings growth and a potential beat in GE Vernova’s upcoming report, scheduled for October 28. Investors will be watching whether strong revenue growth can offset the company’s recent earnings-per-share shortfall against consensus. GE Vernova Earnings Expected to Grow
• Negative Sentiment: Profit-taking has pressured the shares. A recent pullback was attributed to investors locking in gains despite sustained artificial-intelligence capital-spending demand, indicating elevated valuation and expectations may be limiting near-term upside. GE Vernova’s Q3 Pullback Reflects Profit-Taking

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price target on GE Vernova from $1,330.00 to $1,150.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Citigroup lowered their price objective on GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Vernova in a research note on Monday. BMO Capital Markets restated an “outperform” rating and set a $1,250.00 target price (up from $1,110.00) on shares of GE Vernova in a research note on Friday, August 7th. Finally, Royal Bank Of Canada raised their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,164.87.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $41.38 on Wednesday, hitting $931.71. 1,538,191 shares of the company traded hands, compared to its average volume of 2,631,923. The stock has a market capitalization of $248.15 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 3.14 and a beta of 1.14. 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 business has a 50-day simple moving average of $958.76 and a 200 day simple moving average of $1,002.59.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the prior year, the company posted $1.86 EPS. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. Research analysts expect that GE Vernova Inc. will post 15.04 earnings per share for the current fiscal year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s payout ratio is currently 5.72%.

GE Vernova Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.