Chiron Investment Management LLC Acquires Shares of 6,094 GE Vernova Inc. (NYSE:GEV)

Chiron Investment Management LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,094 shares of the company’s stock, valued at approximately $2,004,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Post Corp Registered Pension Plan bought a new stake in GE Vernova in the fourth quarter worth $1,831,000. Tribune Investment Group LP purchased a new stake in shares of GE Vernova in the fourth quarter valued at $9,868,000. Strategies Wealth Advisors LLC bought a new stake in shares of GE Vernova in the 4th quarter worth about $538,000. Investment Counsel Co. of Nevada purchased a new position in shares of GE Vernova during the 4th quarter worth about $461,000. Finally, CreativeOne Wealth LLC grew its holdings in GE Vernova by 21.8% during the 4th quarter. CreativeOne Wealth LLC now owns 2,632 shares of the company’s stock valued at $866,000 after purchasing an additional 471 shares during the last quarter.

Wall Street Analyst Weigh In

GEV has been the subject of several analyst reports. Robert W. Baird began coverage on shares of GE Vernova in a research note on Thursday, February 13th. They issued an “outperform” rating and a $448.00 price objective for the company. Truist Financial set a $440.00 price target on GE Vernova in a research note on Thursday, March 27th. The Goldman Sachs Group upped their price objective on GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada decreased their target price on GE Vernova from $453.00 to $445.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. Finally, Guggenheim raised shares of GE Vernova from a “neutral” rating to a “buy” rating and set a $380.00 target price for the company in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $348.80.

GE Vernova Trading Up 3.6 %

Shares of GEV stock opened at $320.99 on Monday. GE Vernova Inc. has a 12-month low of $128.25 and a 12-month high of $447.50. The business’s fifty day simple moving average is $326.73 and its 200-day simple moving average is $328.18. The company has a market cap of $87.74 billion and a PE ratio of 57.73.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s dividend payout ratio (DPR) is presently 17.99%.

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.