Liontrust Investment Partners LLP Has $8.52 Million Position in GE Vernova Inc. $GEV

Key Points

• Liontrust Investment Partners LLP significantly increased its stake in GE Vernova Inc. by 96.3% during Q1, now holding 27,915 shares valued at approximately $8.52 million.
• GE Vernova reported earnings per share (EPS) of $1.86 for the last quarter, surpassing analysts' expectations of $1.63 and marking an 11.1% increase in revenue year-over-year.
• The company also announced a quarterly dividend of $0.25 per share, with an annualized dividend yield of 0.2% and a payout ratio of 24.10%.

Liontrust Investment Partners LLP increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 96.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,915 shares of the company's stock after buying an additional 13,692 shares during the period. Liontrust Investment Partners LLP's holdings in GE Vernova were worth $8,522,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GEV. Westover Capital Advisors LLC grew its holdings in 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 purchasing an additional 25 shares during the last quarter. Stonebridge Financial Group LLC grew its holdings in GE Vernova by 8.9% during the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock valued at $105,000 after purchasing an additional 28 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in GE Vernova by 0.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,510 shares of the company's stock valued at $2,598,000 after purchasing an additional 30 shares during the last quarter. Hemington Wealth Management grew its holdings in GE Vernova by 20.3% during the first quarter. Hemington Wealth Management now owns 178 shares of the company's stock valued at $54,000 after purchasing an additional 30 shares during the last quarter. Finally, Fulcrum Equity Management grew its holdings in GE Vernova by 3.6% during the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after purchasing an additional 31 shares during the last quarter.

GE Vernova Trading Up 0.4%

GEV stock traded up $2.60 during midday trading on Monday, hitting $624.51. The stock had a trading volume of 1,845,880 shares, compared to its average volume of 3,572,257. The firm has a market capitalization of $170.00 billion, a price-to-earnings ratio of 150.48, a P/E/G ratio of 4.30 and a beta of 1.90. GE Vernova Inc. has a 52 week low of $173.07 and a 52 week high of $677.29. The stock has a 50-day simple moving average of $563.55 and a 200 day simple moving average of $433.89.

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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the firm posted $4.65 EPS. The firm's quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

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

Wall Street Analysts Forecast Growth

GEV has been the topic of several analyst reports. TD Cowen increased their price target on GE Vernova from $390.00 to $685.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wall Street Zen downgraded GE Vernova from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Morgan Stanley increased their price target on GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Seaport Res Ptn upgraded GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Finally, Susquehanna raised their price objective 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. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $560.21.

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.