GE Vernova Inc. (NYSE:GEV) is Sirios Capital Management L P's Largest Position

Sirios Capital Management L P lessened its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,040 shares of the company's stock after selling 29,981 shares during the quarter. GE Vernova comprises about 11.0% of Sirios Capital Management L P's holdings, making the stock its biggest holding. Sirios Capital Management L P owned 0.07% of GE Vernova worth $61,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Beck Capital Management LLC increased its position in GE Vernova by 94.0% during the fourth quarter. Beck Capital Management LLC now owns 18,312 shares of the company's stock worth $6,023,000 after buying an additional 8,872 shares during the period. Symmetry Investments LP increased its holdings in shares of GE Vernova by 62.4% in the 4th quarter. Symmetry Investments LP now owns 48,719 shares of the company's stock valued at $16,025,000 after acquiring an additional 18,712 shares during the period. Brasada Capital Management LP raised its position in GE Vernova by 1,100.3% in the 4th quarter. Brasada Capital Management LP now owns 12,003 shares of the company's stock valued at $4,299,000 after purchasing an additional 11,003 shares during the last quarter. MGO One Seven LLC boosted its stake in GE Vernova by 13.8% during the 4th quarter. MGO One Seven LLC now owns 3,768 shares of the company's stock worth $1,240,000 after purchasing an additional 456 shares during the period. Finally, Pinebridge Investments L.P. purchased a new position in GE Vernova during the 4th quarter worth $6,040,000.

Analysts Set New Price Targets

GEV has been the subject of several recent research reports. Susquehanna increased their target price on shares of GE Vernova from $370.00 to $399.00 and gave the stock a "positive" rating in a research note on Thursday. CICC Research began coverage on GE Vernova in a research note on Wednesday, February 19th. They set an "outperform" rating for the company. The Goldman Sachs Group boosted their price objective on shares of GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Johnson Rice initiated coverage on shares of GE Vernova in a research note on Friday, February 7th. They issued a "buy" rating and a $425.00 target price for the company. Finally, Barclays cut their price target on shares of GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $369.22.

GE Vernova Stock Down 1.8 %

Shares of GEV stock traded down $6.68 during mid-day trading on Monday, hitting $365.74. 1,834,695 shares of the company's stock were exchanged, compared to its average volume of 3,349,586. The stock has a market cap of $99.97 billion and a price-to-earnings ratio of 65.61. GE Vernova Inc. has a fifty-two week low of $149.42 and a fifty-two week high of $447.50. The stock has a 50-day simple moving average of $318.90 and a two-hundred day simple moving average of $333.37.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.54. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the prior year, the company posted ($0.47) EPS. The company's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts anticipate 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. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. GE Vernova's dividend payout ratio is presently 14.41%.

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.