Burford Brothers Inc. Increases Position in GE Vernova Inc. (NYSE:GEV)

Burford Brothers Inc. raised its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 20.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,803 shares of the company's stock after purchasing an additional 658 shares during the period. Burford Brothers Inc.'s holdings in GE Vernova were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings 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 acquiring an additional 753 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in GE Vernova in the fourth quarter valued at approximately $287,000. American Assets Inc. purchased a new position in GE Vernova in the fourth quarter valued at approximately $658,000. Independent Advisor Alliance raised its holdings in GE Vernova by 63.8% during the fourth quarter. Independent Advisor Alliance now owns 8,312 shares of the company's stock worth $2,734,000 after purchasing an additional 3,237 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of GE Vernova by 19.7% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,463 shares of the company's stock worth $1,139,000 after buying an additional 569 shares during the last quarter.

GE Vernova Trading Down 0.1%

Shares of GE Vernova stock traded down $0.41 on Friday, reaching $538.95. 2,285,780 shares of the stock were exchanged, compared to its average volume of 3,318,687. The firm has a market capitalization of $147.10 billion, a PE ratio of 145.77, a PEG ratio of 4.15 and a beta of 1.86. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $546.36. The business has a fifty day moving average price of $474.02 and a two-hundred day moving average price of $388.24.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.56 billion. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.47) EPS. Research analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group started coverage on shares of GE Vernova in a report on Monday. They issued a "buy" rating and a $614.00 target price for the company. Bank of America lifted their target price on GE Vernova from $520.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Wall Street Zen raised GE Vernova from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Royal Bank Of Canada dropped their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Finally, Glj Research assumed coverage on GE Vernova in a research note on Monday, June 23rd. They issued a "buy" rating for the company. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, GE Vernova presently has a consensus rating of "Moderate Buy" and an average target price of $451.38.

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.