LMR Partners LLP Sells 57,002 Shares of GE Vernova Inc. (NYSE:GEV)

LMR Partners LLP decreased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 62.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,226 shares of the company's stock after selling 57,002 shares during the period. LMR Partners LLP's holdings in GE Vernova were worth $11,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEV. Lighthouse Investment Partners LLC purchased a new stake in shares of GE Vernova in the fourth quarter worth approximately $1,493,000. Interval Partners LP increased its stake in GE Vernova by 35.7% in the 4th quarter. Interval Partners LP now owns 3,585 shares of the company's stock valued at $1,179,000 after buying an additional 944 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in GE Vernova by 148.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,155,183 shares of the company's stock valued at $379,974,000 after buying an additional 690,513 shares during the period. Janus Henderson Group PLC lifted its position in GE Vernova by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 33,013 shares of the company's stock worth $10,867,000 after buying an additional 132 shares in the last quarter. Finally, Goodlander Investment Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter valued at $11,513,000.

GE Vernova Stock Down 1.5%

NYSE GEV traded down $6.31 during midday trading on Thursday, hitting $426.53. The company had a trading volume of 2,953,159 shares, compared to its average volume of 3,310,891. The firm has a fifty day simple moving average of $338.02 and a two-hundred day simple moving average of $343.46. GE Vernova Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $447.50. The stock has a market cap of $116.41 billion and a price-to-earnings ratio of 76.71.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.54. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business earned ($0.47) earnings per share. As a group, equities analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. GE Vernova's payout ratio is 14.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Johnson Rice began coverage on shares of GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 price target on the stock. The Goldman Sachs Group boosted their target price on GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Robert W. Baird upped their target price on GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. TD Cowen reduced their price target on GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, William Blair reissued an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $373.22.

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.