Electron Capital Partners LLC Has $79.97 Million Holdings in GE Vernova Inc. $GEV

Key Points

• Electron Capital Partners LLC reduced its stake in GE Vernova Inc. by 51.9%, holding approximately $80 million worth of shares, making it the firm's 7th largest position.
• Vanguard Group Inc. and Goldman Sachs Group Inc. both increased their stakes in GE Vernova, with Vanguard now owning over $7.4 billion worth of shares.
• GE Vernova reported strong earnings, beating estimates with $1.86 EPS and revenue of $9.11 billion, alongside a quarterly dividend of $0.25 per share.

Electron Capital Partners LLC reduced its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 51.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 261,965 shares of the company's stock after selling 282,706 shares during the period. GE Vernova makes up approximately 5.2% of Electron Capital Partners LLC's investment portfolio, making the stock its 7th biggest position. Electron Capital Partners LLC owned about 0.10% of GE Vernova worth $79,973,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of GE Vernova by 1.8% in the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock valued at $7,446,577,000 after buying an additional 432,830 shares during the period. Goldman Sachs Group Inc. lifted its stake in GE Vernova by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,129,958 shares of the company's stock worth $955,513,000 after purchasing an additional 214,483 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 worth $653,769,000 after purchasing an additional 2,135,066 shares during the last quarter. Wellington Management Group LLP lifted its stake in GE Vernova by 50.9% during the first quarter. Wellington Management Group LLP now owns 2,029,948 shares of the company's stock worth $619,703,000 after purchasing an additional 684,794 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in GE Vernova by 47.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,937,018 shares of the company's stock worth $591,333,000 after purchasing an additional 622,730 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. TD Cowen upped their target price on GE Vernova from $390.00 to $685.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. The Goldman Sachs Group upped their target price on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Bank of America upped their target price on GE Vernova from $550.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $560.21.

Insiders Place Their Bets

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction on Tuesday, August 26th. The stock was 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 directly owned 7,590 shares in the company, valued at $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 SEC, which is available at this hyperlink. 0.15% of the stock is owned by insiders.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $576.80 on Thursday. The company has a fifty day moving average of $594.87 and a 200-day moving average of $454.39. The company has a market capitalization of $157.02 billion, a PE ratio of 138.99, a price-to-earnings-growth ratio of 4.24 and a beta of 1.87. GE Vernova Inc. has a 52-week low of $192.12 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion during 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%.GE Vernova's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova's dividend payout ratio is presently 24.10%.

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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