Electron Capital Partners LLC Cuts Holdings in GE Vernova Inc. $GEV

Electron Capital Partners LLC lowered its position in shares of GE Vernova Inc. (NYSE:GEV) by 51.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,965 shares of the company’s stock after selling 282,706 shares during the quarter. GE Vernova comprises 5.2% of Electron Capital Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Electron Capital Partners LLC’s holdings in GE Vernova were worth $79,973,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GEV. GAMMA Investing LLC boosted its position in GE Vernova by 32,984.2% during the first quarter. GAMMA Investing LLC now owns 2,141,539 shares of the company’s stock valued at $653,769,000 after acquiring an additional 2,135,066 shares during the last quarter. AQR Capital Management LLC boosted its position in GE Vernova by 252.9% during the first quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company’s stock valued at $366,016,000 after acquiring an additional 892,549 shares during the last quarter. Amundi boosted its position in GE Vernova by 109.0% during the first quarter. Amundi now owns 1,665,980 shares of the company’s stock valued at $496,013,000 after acquiring an additional 868,927 shares during the last quarter. TD Asset Management Inc boosted its position in GE Vernova by 627.2% during the first quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock valued at $282,946,000 after acquiring an additional 799,388 shares during the last quarter. Finally, Nuveen LLC bought a new stake in GE Vernova during the first quarter valued at $223,556,000.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $576.80 on Thursday. GE Vernova Inc. has a fifty-two week low of $192.12 and a fifty-two week high of $677.29. The stock has a market cap of $157.02 billion, a price-to-earnings ratio of 138.99, a PEG ratio of 4.24 and a beta of 1.87. The firm’s 50-day simple moving average is $594.87 and its 200 day simple moving average is $454.39.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.78 billion. During the same quarter last year, the firm earned $4.65 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a $0.25 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GEV. UBS Group began coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a “buy” rating and a $614.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. BMO Capital Markets increased their price objective on shares of GE Vernova from $590.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Glj Research began coverage on shares of GE Vernova in a research report on Monday, June 23rd. They set a “buy” rating on the stock. Finally, TD Cowen increased their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $560.21.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.