Chicago Capital LLC Buys 108 Shares of GE Vernova Inc. $GEV

Chicago Capital LLC raised its stake in GE Vernova Inc. (NYSE:GEV) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,305 shares of the company’s stock after purchasing an additional 108 shares during the period. Chicago Capital LLC’s holdings in GE Vernova were worth $2,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EQ Wealth Advisors LLC bought a new stake in GE Vernova in the first quarter valued at $27,000. IMA Advisory Services Inc. bought a new stake in GE Vernova in the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in GE Vernova by 115.2% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock valued at $30,000 after purchasing an additional 53 shares in the last quarter. 1248 Management LLC acquired a new position in shares of GE Vernova during the first quarter valued at about $31,000. Finally, Saudi Central Bank acquired a new position in shares of GE Vernova during the first quarter valued at about $33,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GEV shares. Melius upgraded shares of GE Vernova from a “hold” rating to a “buy” rating and set a $740.00 price objective for the company in a report on Monday, September 15th. TD Cowen lifted their price objective on shares of GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of GE Vernova from $620.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Susquehanna lifted their price objective on shares of GE Vernova from $662.00 to $736.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group lifted their price objective on shares of GE Vernova from $658.00 to $668.00 and gave the company a “hold” rating in a report on Friday, September 12th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $592.35.

GE Vernova Stock Performance

GE Vernova stock opened at $600.66 on Tuesday. GE Vernova Inc. has a fifty-two week low of $248.50 and a fifty-two week high of $677.29. The stock has a market cap of $163.51 billion, a PE ratio of 144.74, a price-to-earnings-growth ratio of 4.41 and a beta of 1.88. The firm’s 50-day simple moving average is $623.69 and its 200 day simple moving average is $493.48.

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

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova 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 sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

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.