Voya Investment Management LLC Has $33.11 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Voya Investment Management LLC trimmed its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 67.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,643 shares of the company’s stock after selling 205,920 shares during the period. Voya Investment Management LLC’s holdings in GE Vernova were worth $33,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC increased its holdings in shares of GE Vernova by 102.6% in the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after purchasing an additional 39 shares during the period. MRP Capital Investments LLC acquired a new position in GE Vernova in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC lifted its position in GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Pineridge Advisors LLC boosted its stake in shares of GE Vernova by 530.8% during the 4th quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 69 shares during the period. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of GE Vernova during the 4th quarter valued at $30,000.

GE Vernova Stock Performance

Shares of GEV stock opened at $372.62 on Friday. The firm has a fifty day moving average of $318.90 and a 200-day moving average of $332.43. The stock has a market cap of $101.85 billion and a price-to-earnings ratio of 67.02. GE Vernova Inc. has a 52-week low of $149.42 and a 52-week high of $447.50.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.46. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. During the same quarter in the prior year, the business posted ($0.47) earnings per share. On average, sell-side analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, April 17th. GE Vernova’s dividend payout ratio is 14.41%.

Analyst Ratings Changes

GEV has been the subject of a number of research reports. Johnson Rice started coverage on GE Vernova in a research report on Friday, February 7th. They set a “buy” rating and a $425.00 price objective for the company. Guggenheim reissued a “buy” rating and issued a $380.00 price target on shares of GE Vernova in a research note on Thursday. Citigroup cut their price target on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Bank of America increased their target price on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Barclays reduced their price target on GE Vernova from $487.00 to $427.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Six investment 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. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average target price of $369.22.

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.