Calamos Wealth Management LLC Increases Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Calamos Wealth Management LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 19.1% during the 4th quarter, Holdings Channel reports. The firm owned 3,138 shares of the company’s stock after buying an additional 504 shares during the period. Calamos Wealth Management LLC’s holdings in GE Vernova were worth $1,032,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd grew its position in GE Vernova by 10.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company’s stock valued at $185,459,000 after buying an additional 66,455 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of GE Vernova during the 4th quarter valued at approximately $206,000. Hanlon Investment Management Inc. purchased a new position in shares of GE Vernova during the 3rd quarter valued at approximately $1,101,000. Atria Investments Inc lifted its stake in GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company’s stock worth $1,297,000 after purchasing an additional 2,847 shares during the last quarter. Finally, Fractal Investments LLC acquired a new stake in GE Vernova in the third quarter worth $1,530,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on GE Vernova from $361.00 to $437.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on GE Vernova from $446.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 24th. BMO Capital Markets lifted their price objective on GE Vernova from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group boosted their price target on GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Evercore ISI boosted their target price on GE Vernova from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $342.94.

GE Vernova Stock Down 3.2 %

NYSE:GEV opened at $361.01 on Tuesday. The firm has a 50 day moving average of $355.29 and a 200 day moving average of $280.05. The stock has a market capitalization of $99.51 billion and a price-to-earnings ratio of 64.93. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $447.50.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). The firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.70 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts expect that GE Vernova Inc. will post 6.33 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Friday, December 20th were paid a $0.25 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. GE Vernova’s payout ratio is 17.99%.

GE Vernova declared that its board has approved a stock repurchase program on Tuesday, December 10th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the company to buy up to 6.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.