Chesley Taft & Associates LLC Has $1.69 Million Stock Holdings in GE Vernova Inc. $GEV

Chesley Taft & Associates LLC boosted its position in shares of GE Vernova Inc. (NYSE:GEV) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,194 shares of the company’s stock after buying an additional 27 shares during the quarter. Chesley Taft & Associates LLC’s holdings in GE Vernova were worth $1,690,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GEV. Brighton Jones LLC lifted its stake in shares of GE Vernova by 29.4% in the 4th quarter. Brighton Jones LLC now owns 3,315 shares of the company’s stock valued at $1,091,000 after purchasing an additional 753 shares during the period. American Assets Inc. acquired a new position in shares of GE Vernova in the 4th quarter valued at $658,000. Two Sigma Advisers LP acquired a new position in shares of GE Vernova in the 4th quarter valued at $17,729,000. Westwood Holdings Group Inc. lifted its stake in shares of GE Vernova by 216.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 13,887 shares of the company’s stock valued at $4,568,000 after purchasing an additional 9,505 shares during the period. Finally, Woodline Partners LP acquired a new position in shares of GE Vernova in the 4th quarter valued at $5,445,000.

Insider Transactions at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

GEV has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on GE Vernova from $500.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. increased their price target on GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Wolfe Research downgraded GE Vernova from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Barclays raised their price objective on GE Vernova from $580.00 to $706.00 and gave the stock an “overweight” 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 equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.35.

GE Vernova Price Performance

Shares of NYSE GEV opened at $614.69 on Thursday. The stock has a market capitalization of $167.33 billion, a price-to-earnings ratio of 148.12, a PEG ratio of 4.50 and a beta of 1.87. The business has a 50-day moving average of $613.95 and a 200-day moving average of $473.14. GE Vernova Inc. has a fifty-two week low of $234.00 and a fifty-two week high of $677.29.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period last year, the business posted $4.65 EPS. GE Vernova’s revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

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.