Drum Hill Capital LLC Makes New $227,000 Investment in GE Vernova Inc. $GEV

Key Points

• Drum Hill Capital LLC made a new investment in GE Vernova Inc., acquiring 429 shares valued at approximately $227,000.
• GE Vernova's stock price has experienced a decline of 1.7%, trading at $633.65 with a market capitalization of $172.49 billion.
• Recent earnings reports revealed GE Vernova surpassed analysts' expectations with $1.86 earnings per share and revenue of $9.11 billion for the quarter.

Drum Hill Capital LLC acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 429 shares of the company's stock, valued at approximately $227,000.

Several other large investors also recently added to or reduced their stakes in the stock. Atlas Brown Inc. increased its stake in GE Vernova by 0.8% during the second quarter. Atlas Brown Inc. now owns 2,496 shares of the company's stock worth $1,321,000 after acquiring an additional 19 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in GE Vernova by 9.0% during the second quarter. Physician Wealth Advisors Inc. now owns 241 shares of the company's stock worth $128,000 after acquiring an additional 20 shares during the last quarter. Grove Bank & Trust boosted its position in shares of GE Vernova by 16.0% during the second quarter. Grove Bank & Trust now owns 167 shares of the company's stock valued at $88,000 after buying an additional 23 shares during the period. Westover Capital Advisors LLC boosted its position in shares of GE Vernova by 2.3% during the first quarter. Westover Capital Advisors LLC now owns 1,130 shares of the company's stock valued at $345,000 after buying an additional 25 shares during the period. Finally, SVB Wealth LLC boosted its position in shares of GE Vernova by 0.7% during the first quarter. SVB Wealth LLC now owns 3,585 shares of the company's stock valued at $1,094,000 after buying an additional 26 shares during the period.

GE Vernova Stock Down 1.7%

Shares of NYSE:GEV opened at $633.65 on Wednesday. The company has a market capitalization of $172.49 billion, a price-to-earnings ratio of 152.69, a price-to-earnings-growth ratio of 4.70 and a beta of 1.87. GE Vernova Inc. has a 52 week low of $247.07 and a 52 week high of $677.29. The firm has a 50 day moving average of $620.35 and a 200 day moving average of $483.28.

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

Insider Activity

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction on 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 sale, the chief financial officer directly owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

GEV has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on GE Vernova from $590.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Wall Street Zen lowered GE Vernova from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Guggenheim lowered GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Citigroup boosted their target price on GE Vernova from $544.00 to $670.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their target price on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.35.

About GE Vernova

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.

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