1,064 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Chapin Davis Inc.

Chapin Davis Inc. acquired a new position in GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,064 shares of the company's stock, valued at approximately $325,000.

A number of other institutional investors have also recently bought and sold shares of GEV. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC increased its stake in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. Navigoe LLC bought a new position in GE Vernova during the 4th quarter worth $27,000. EQ Wealth Advisors LLC acquired a new position in GE Vernova in the 1st quarter valued at $27,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the 4th quarter valued at $28,000.

Analyst Ratings Changes

A number of brokerages recently commented on GEV. BMO Capital Markets raised their price target on GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Citigroup dropped their target price on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. increased their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $500.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Robert W. Baird boosted their price objective on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $413.39.

GE Vernova Stock Down 0.8%

Shares of NYSE:GEV opened at $486.41 on Monday. The firm has a market cap of $132.76 billion, a P/E ratio of 70.09, a P/E/G ratio of 3.78 and a beta of 1.97. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $500.72. The business has a fifty day simple moving average of $425.55 and a 200 day simple moving average of $371.06.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. The business's quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

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.

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