GE Vernova Inc. $GEV Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 91.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,625 shares of the company’s stock after acquiring an additional 20,853 shares during the quarter. GE Vernova accounts for 0.6% of Quantbot Technologies LP’s holdings, making the stock its 12th biggest position. Quantbot Technologies LP’s holdings in GE Vernova were worth $23,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GEV. Van Hulzen Asset Management LLC grew its position in GE Vernova by 4.9% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 1,526 shares of the company’s stock worth $807,000 after purchasing an additional 71 shares during the period. Fisher Asset Management LLC boosted its stake in shares of GE Vernova by 19.1% in the second quarter. Fisher Asset Management LLC now owns 4,211 shares of the company’s stock worth $2,229,000 after buying an additional 676 shares during the last quarter. Shelton Capital Management boosted its stake in shares of GE Vernova by 23.9% in the second quarter. Shelton Capital Management now owns 1,923 shares of the company’s stock worth $1,018,000 after buying an additional 371 shares during the last quarter. Smith Moore & CO. grew its holdings in GE Vernova by 4.8% during the second quarter. Smith Moore & CO. now owns 2,930 shares of the company’s stock worth $1,551,000 after acquiring an additional 134 shares during the period. Finally, Lumbard & Kellner LLC acquired a new position in GE Vernova in the second quarter valued at approximately $274,000.

GE Vernova Stock Down 3.8%

GEV stock opened at $576.94 on Tuesday. GE Vernova Inc. has a 52 week low of $252.25 and a 52 week high of $677.29. The firm has a 50-day simple moving average of $590.84 and a 200-day simple moving average of $571.64. The stock has a market capitalization of $156.54 billion, a P/E ratio of 93.96, a P/E/G ratio of 4.46 and a beta of 1.71.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.08). GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, October 20th. GE Vernova’s payout ratio is presently 16.29%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GEV. Barclays raised their price objective on shares of GE Vernova from $706.00 to $710.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Jefferies Financial Group restated a “hold” rating and set a $654.00 price target on shares of GE Vernova in a research report on Monday, October 27th. Rothschild & Co Redburn reiterated a “sell” rating and issued a $475.00 price objective on shares of GE Vernova in a research report on Wednesday, October 15th. Mizuho lowered their target price on shares of GE Vernova from $677.00 to $660.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, BMO Capital Markets lifted their price target on GE Vernova from $690.00 to $710.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $607.81.

About GE Vernova

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.