Chiron Investment Management LLC Makes New Investment in GE Vernova Inc. (NYSE:GEV)

Chiron Investment Management LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,094 shares of the company's stock, valued at approximately $2,004,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEV. FMR LLC raised its position in shares of GE Vernova by 3.4% in the 4th quarter. FMR LLC now owns 24,861,833 shares of the company's stock valued at $8,177,803,000 after buying an additional 814,155 shares in the last quarter. Geode Capital Management LLC raised its position in shares of GE Vernova by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after acquiring an additional 195,828 shares during the last quarter. Norges Bank bought a new stake in shares of GE Vernova in the 4th quarter valued at $1,109,720,000. Franklin Resources Inc. grew its holdings in GE Vernova by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,978,691 shares of the company's stock worth $533,257,000 after acquiring an additional 71,067 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in GE Vernova by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,679,396 shares of the company's stock valued at $552,404,000 after buying an additional 49,821 shares during the period.

GE Vernova Trading Down 1.6 %

Shares of GE Vernova stock traded down $5.36 during mid-day trading on Friday, hitting $322.81. 2,859,246 shares of the stock were exchanged, compared to its average volume of 3,367,032. GE Vernova Inc. has a twelve month low of $132.11 and a twelve month high of $447.50. The stock has a market capitalization of $88.24 billion and a price-to-earnings ratio of 58.06. The company has a 50-day simple moving average of $321.67 and a 200 day simple moving average of $329.61.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.57). The business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.70 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova's payout ratio is currently 17.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. William Blair reiterated an "outperform" rating on shares of GE Vernova in a research note on Thursday, January 23rd. Johnson Rice began coverage on GE Vernova in a report on Friday, February 7th. They set a "buy" rating and a $425.00 price objective on the stock. Marathon Capitl raised shares of GE Vernova to a "strong-buy" rating in a report on Friday, January 31st. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Finally, Citigroup cut their price objective on GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and a consensus target price of $357.13.

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.