Quantbot Technologies LP Increases Stock Holdings in GE Vernova Inc. $GEV

Key Points

• Quantbot Technologies LP increased its holdings in GE Vernova Inc. by 130.6% during Q1, bringing their total investment to $6.95 million after acquiring an additional 12,895 shares.
• Several hedge funds have significantly increased their stakes in GE Vernova, with notable increases from Brighton Jones LLC (29.4%) and Guggenheim Capital LLC (63.5%) in the fourth quarter.
• GE Vernova recently reported an earnings per share of $1.86, beating analysts' expectations, and announced a quarterly dividend of $0.25 per share.

Quantbot Technologies LP lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 130.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,772 shares of the company's stock after buying an additional 12,895 shares during the quarter. Quantbot Technologies LP's holdings in GE Vernova were worth $6,952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in GE Vernova by 1.8% in the first quarter. Vanguard Group Inc. now owns 24,392,613 shares of the company's stock worth $7,446,577,000 after purchasing an additional 432,830 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in GE Vernova by 7.4% in 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 in the last quarter. Northern Trust Corp grew its stake in GE Vernova by 15.0% in the fourth quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock worth $865,126,000 after purchasing an additional 343,837 shares in the last quarter. GAMMA Investing LLC grew its stake in GE Vernova by 32,984.2% in 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 in the last quarter. Finally, Wellington Management Group LLP grew its stake in GE Vernova by 50.9% in 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 in the last quarter.

GE Vernova Price Performance

NYSE GEV traded up $0.1210 during midday trading on Friday, hitting $606.1210. 2,724,290 shares of the company traded hands, compared to its average volume of 2,615,281. The company has a market cap of $165.00 billion, a PE ratio of 146.05, a price-to-earnings-growth ratio of 4.20 and a beta of 1.90. The company's 50-day simple moving average is $576.57 and its 200-day simple moving average is $441.89. GE Vernova Inc. has a 52 week low of $173.07 and a 52 week high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last announced its 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 return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same quarter last year, the firm earned $4.65 EPS. The business's revenue for the quarter was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen cut GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Barclays increased their price objective on GE Vernova from $580.00 to $706.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Robert W. Baird increased their price objective on GE Vernova from $568.00 to $706.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and an average target price of $560.21.

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.