Calamos Wealth Management LLC Has $1.25 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Calamos Wealth Management LLC lifted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 30.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,085 shares of the company's stock after acquiring an additional 947 shares during the period. Calamos Wealth Management LLC's holdings in GE Vernova were worth $1,247,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GEV. Brighton Jones LLC increased its position in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of GE Vernova by 20.8% in the fourth quarter. Fisher Asset Management LLC now owns 3,237 shares of the company's stock worth $1,065,000 after acquiring an additional 557 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of GE Vernova by 93.2% in the fourth quarter. Jones Financial Companies Lllp now owns 5,170 shares of the company's stock worth $1,701,000 after acquiring an additional 2,494 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of GE Vernova by 7.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,399 shares of the company's stock worth $5,065,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Exencial Wealth Advisors LLC acquired a new stake in shares of GE Vernova during the fourth quarter worth approximately $270,000.

Analysts Set New Price Targets

Several research firms recently commented on GEV. Bank of America raised their price target on shares of GE Vernova from $520.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Morgan Stanley raised their price target on shares of GE Vernova from $422.00 to $511.00 and gave the stock an "overweight" rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Susquehanna restated a "positive" rating and set a $499.00 price target (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a report on Saturday. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $440.04.

GE Vernova Stock Up 2.4%

GE Vernova stock traded up $12.28 on Friday, hitting $517.35. The company's stock had a trading volume of 1,809,150 shares, compared to its average volume of 3,306,722. The firm has a market cap of $141.20 billion, a P/E ratio of 74.55, a price-to-earnings-growth ratio of 3.98 and a beta of 1.86. The company has a fifty day moving average price of $461.19 and a 200-day moving average price of $382.74. GE Vernova Inc. has a one year low of $150.01 and a one year high of $532.59.

GE Vernova (NYSE:GEV - Get Free Report) last announced 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. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.47) EPS. Analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's dividend payout ratio (DPR) 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.