SeaTown Holdings Pte. Ltd. Makes New $6.73 Million Investment in GE Vernova Inc. $GEV

Key Points

• SeaTown Holdings Pte. Ltd. has made a $6.73 million investment in GE Vernova Inc., acquiring 12,710 shares, which now represents 4.0% of its investment portfolio.
• Equities analysts are optimistic about GE Vernova, with several upgrades; Melius has raised its rating from "hold" to "buy" with a price target of $740.00.
• GE Vernova recently announced a quarterly dividend of $0.25 per share, which will be paid on November 17th, reflecting a 24.10% dividend payout ratio.

SeaTown Holdings Pte. Ltd. acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,710 shares of the company's stock, valued at approximately $6,725,000. GE Vernova comprises 4.0% of SeaTown Holdings Pte. Ltd.'s portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after purchasing an additional 753 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of GE Vernova by 3.0% in the first quarter. Wedmont Private Capital now owns 4,263 shares of the company's stock worth $1,370,000 after buying an additional 126 shares during the period. UMB Bank n.a. lifted its stake in shares of GE Vernova by 9.7% in the 1st quarter. UMB Bank n.a. now owns 2,129 shares of the company's stock valued at $650,000 after acquiring an additional 189 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in GE Vernova by 13.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,929 shares of the company's stock valued at $589,000 after acquiring an additional 232 shares during the period. Finally, Capital Investment Advisors LLC boosted its holdings in GE Vernova by 1.8% during the 1st quarter. Capital Investment Advisors LLC now owns 3,054 shares of the company's stock valued at $932,000 after acquiring an additional 55 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target on the stock in a research note on Monday, September 15th. Susquehanna lifted their target price on shares of GE Vernova from $662.00 to $736.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. UBS Group started coverage on shares of GE Vernova in a research report on Monday, July 7th. They set a "buy" rating and a $614.00 price target for the company. Guggenheim cut shares of GE Vernova from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Finally, Citigroup increased their target price on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average price target of $598.50.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 7,590 shares of the company's stock, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.15% of the company's stock.

GE Vernova Trading Up 1.3%

NYSE:GEV opened at $602.55 on Tuesday. The company has a 50-day moving average price of $622.29 and a 200-day moving average price of $503.05. The stock has a market cap of $164.03 billion, a price-to-earnings ratio of 145.19, a P/E/G ratio of 4.33 and a beta of 1.72. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) 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 company had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same quarter in the previous year, the company earned $4.65 earnings per share. GE Vernova's quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio is 24.10%.

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.

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