Chatham Capital Group Inc. Sells 793 Shares of GE Vernova Inc. (NYSE:GEV)

Chatham Capital Group Inc. decreased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,450 shares of the company's stock after selling 793 shares during the period. GE Vernova makes up 1.3% of Chatham Capital Group Inc.'s portfolio, making the stock its 18th largest position. Chatham Capital Group Inc.'s holdings in GE Vernova were worth $7,769,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. WASHINGTON TRUST Co grew its holdings in shares of GE Vernova by 1.9% during the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after buying an additional 31 shares in the last quarter. Kovack Advisors Inc. lifted its stake in GE Vernova by 1.0% in the 4th quarter. Kovack Advisors Inc. now owns 3,167 shares of the company's stock valued at $1,042,000 after acquiring an additional 31 shares in the last quarter. Fulcrum Equity Management boosted its position in GE Vernova by 3.6% during the 4th quarter. Fulcrum Equity Management now owns 886 shares of the company's stock worth $291,000 after acquiring an additional 31 shares during the last quarter. Rothschild Investment LLC boosted its position in GE Vernova by 1.7% during the 1st quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock worth $600,000 after acquiring an additional 33 shares during the last quarter. Finally, Johnson & White Wealth Management LLC grew its stake in shares of GE Vernova by 3.7% during the 1st quarter. Johnson & White Wealth Management LLC now owns 929 shares of the company's stock worth $284,000 after acquiring an additional 33 shares in the last quarter.

GE Vernova Price Performance

GE Vernova stock traded up $2.75 during trading hours on Friday, hitting $487.06. The company had a trading volume of 2,099,918 shares, compared to its average volume of 3,305,778. The firm has a market cap of $132.94 billion, a PE ratio of 87.60, a PEG ratio of 3.03 and a beta of 1.97. GE Vernova Inc. has a one year low of $150.01 and a one year high of $500.72. The firm has a 50-day moving average of $386.29 and a 200 day moving average of $359.63.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same period in the previous year, the company posted ($0.47) EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis. As a group, research analysts expect 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 was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analysts Set New Price Targets

A number of analysts have recently commented on GEV shares. TD Cowen cut their price objective on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird lifted their price target on shares of GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Johnson Rice initiated coverage on shares of GE Vernova in a research note on Friday, February 7th. They set a "buy" rating and a $425.00 price objective for the company. Royal Bank of Canada decreased their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $422.00 target price (up previously from $400.00) on shares of GE Vernova in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and an average price target of $385.78.

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.