Hamilton Capital Partners LLC Makes New $219,000 Investment in GE Vernova Inc. $GEV

Hamilton Capital Partners LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 414 shares of the company’s stock, valued at approximately $219,000. GE Vernova makes up 0.1% of Hamilton Capital Partners LLC’s holdings, making the stock its 21st largest holding.

A number of other institutional investors have also bought and sold shares of GEV. AQR Capital Management LLC increased its stake in GE Vernova by 252.9% in the 1st quarter. AQR Capital Management LLC now owns 1,245,420 shares of the company’s stock worth $366,016,000 after buying an additional 892,549 shares in the last quarter. Amundi boosted its holdings in shares of GE Vernova by 109.0% during the 1st quarter. Amundi now owns 1,665,980 shares of the company’s stock valued at $496,013,000 after purchasing an additional 868,927 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of GE Vernova by 10,044.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 842,433 shares of the company’s stock valued at $445,773,000 after purchasing an additional 834,129 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of GE Vernova by 627.2% during the 1st quarter. TD Asset Management Inc now owns 926,842 shares of the company’s stock valued at $282,946,000 after purchasing an additional 799,388 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of GE Vernova during the 1st quarter valued at about $223,556,000.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $600.66 on Tuesday. The firm has a market capitalization of $163.51 billion, a price-to-earnings ratio of 144.74, a PEG ratio of 4.41 and a beta of 1.88. The stock has a 50 day moving average price of $623.69 and a 200 day moving average price of $493.48. GE Vernova Inc. has a 52-week low of $248.50 and a 52-week high of $677.29.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be issued a $0.25 dividend. 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 payout ratio is presently 24.10%.

Wall Street Analysts Forecast Growth

GEV has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of GE Vernova from $474.00 to $697.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Robert W. Baird lifted their price target on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. TD Cowen lifted their price target on GE Vernova from $390.00 to $685.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Jefferies Financial Group lifted their price target on GE Vernova from $658.00 to $668.00 and gave the stock a “hold” rating in a research report on Friday, September 12th. Finally, Melius upgraded GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price target for the company in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $592.35.

Insider Activity

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the business’s 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 sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

GE Vernova 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.