Chatham Capital Group Inc. Has $7.77 Million Stake in GE Vernova Inc. (NYSE:GEV)

Chatham Capital Group Inc. cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,450 shares of the company’s stock after selling 793 shares during the quarter. GE Vernova comprises 1.3% of Chatham Capital Group Inc.’s portfolio, making the stock its 18th biggest holding. Chatham Capital Group Inc.’s holdings in GE Vernova were worth $7,769,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. MRP Capital Investments LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth about $25,000. Fairway Wealth LLC raised its holdings in GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the period. Pineridge Advisors LLC lifted its position in GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Navigoe LLC acquired a new stake in GE Vernova during the fourth quarter worth approximately $27,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of GE Vernova during the fourth quarter worth approximately $28,000.

Analyst Ratings Changes

GEV has been the subject of several research reports. Baird R W raised GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. Robert W. Baird increased their price objective on GE Vernova from $387.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $422.00 target price (up previously from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. CICC Research began coverage on shares of GE Vernova in a research report on Wednesday, February 19th. They issued an “outperform” rating for the company. Finally, Guggenheim reaffirmed a “buy” rating and set a $380.00 price target on shares of GE Vernova in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $385.78.

GE Vernova Price Performance

GEV stock opened at $488.36 on Thursday. The stock has a market cap of $133.29 billion, a price-to-earnings ratio of 87.83, a P/E/G ratio of 3.03 and a beta of 1.97. The company has a 50 day simple moving average of $382.72 and a 200 day simple moving average of $358.53. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $500.72.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.56 billion. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 18th were issued 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 yield of 0.20%. GE Vernova’s payout ratio is presently 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.