Calamos Advisors LLC Has $41.47 Million Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Calamos Advisors LLC lifted its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,825 shares of the company's stock after acquiring an additional 41,753 shares during the period. Calamos Advisors LLC's holdings in GE Vernova were worth $41,465,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GEV. Stonebridge Financial Group LLC increased its stake in shares of GE Vernova by 8.9% in the first quarter. Stonebridge Financial Group LLC now owns 344 shares of the company's stock worth $105,000 after acquiring an additional 28 shares during the last quarter. Fulcrum Equity Management grew its stake in GE Vernova by 3.6% in the fourth quarter. Fulcrum Equity Management now owns 886 shares of the company's stock valued at $291,000 after purchasing an additional 31 shares in the last quarter. Dopkins Wealth Management LLC increased its position in GE Vernova by 4.9% in the 1st quarter. Dopkins Wealth Management LLC now owns 668 shares of the company's stock worth $204,000 after purchasing an additional 31 shares during the last quarter. Rothschild Investment LLC increased its position in GE Vernova by 1.7% in the 1st quarter. Rothschild Investment LLC now owns 1,965 shares of the company's stock worth $600,000 after purchasing an additional 33 shares during the last quarter. Finally, Johnson & White Wealth Management LLC raised 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 purchasing an additional 33 shares in the last quarter.

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $12.28 on Friday, hitting $517.35. 1,809,150 shares of the company were exchanged, compared to its average volume of 3,306,722. The company's 50 day moving average price is $458.30 and its two-hundred day moving average price is $381.43. The firm has a market capitalization of $141.20 billion, a price-to-earnings ratio of 139.74, a PEG ratio of 3.98 and a beta of 1.86. 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 posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the prior year, the firm posted ($0.47) EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts predict that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Monday, July 21st. GE Vernova's payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GEV. Glj Research began coverage on GE Vernova in a research note on Monday, June 23rd. They set a "buy" rating for the company. The Goldman Sachs Group raised their price target on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of GE Vernova from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Guggenheim reiterated a "buy" rating and issued a $380.00 price objective on shares of GE Vernova in a report on Thursday, April 24th. Finally, Royal Bank Of Canada lowered their target price on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $440.04.

About GE Vernova

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.