CMH Wealth Management LLC Takes Position in GE Vernova Inc. $GEV

Key Points

• CMH Wealth Management LLC has acquired 14,651 shares of GE Vernova Inc., valued at approximately $7.75 million, making it the firm's 24th largest holding.
• Increased investments from other institutional investors include GAMMA Investing LLC, which grew its stake by over 32,984%, now owning over 2.14 million shares valued at $653.77 million.
• GE Vernova announced a quarterly dividend of $0.25 per share, translating to an annualized yield of 0.2% and a payout ratio of 24.10%.

CMH Wealth Management LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,651 shares of the company's stock, valued at approximately $7,753,000. GE Vernova accounts for 1.8% of CMH Wealth Management LLC's investment portfolio, making the stock its 24th largest position.

Several other large investors also recently made changes to their positions in GEV. EQ Wealth Advisors LLC acquired a new stake in GE Vernova in the 1st quarter valued at approximately $27,000. IMA Advisory Services Inc. acquired a new position in shares of GE Vernova during the first quarter valued at $27,000. Orion Capital Management LLC bought a new stake in shares of GE Vernova during the fourth quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after purchasing an additional 53 shares during the period. Finally, 1248 Management LLC bought a new position in GE Vernova in the 1st quarter valued at about $31,000.

Insider Buying and Selling

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the transaction, the chief financial officer owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on GEV. Jefferies Financial Group boosted their price target on shares of GE Vernova from $658.00 to $668.00 and gave the stock a "hold" rating in a research report on Friday, September 12th. Melius Research set a $740.00 target price on GE Vernova and gave the stock a "buy" rating in a report on Monday, September 15th. Barclays increased their price target on GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. BMO Capital Markets boosted their price objective on GE Vernova from $590.00 to $690.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.35.

GE Vernova Stock Up 3.1%

Shares of GE Vernova stock traded up $19.50 during trading on Monday, hitting $643.67. The stock had a trading volume of 2,527,392 shares, compared to its average volume of 3,482,935. GE Vernova Inc. has a 1 year low of $246.79 and a 1 year high of $677.29. The stock has a 50 day simple moving average of $617.11 and a 200 day simple moving average of $479.75. The company has a market capitalization of $175.22 billion, a PE ratio of 155.10, a P/E/G ratio of 4.55 and a beta of 1.87.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. During the same quarter last year, the business posted $4.65 EPS. The company's revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

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.