Values First Advisors Inc. Purchases 1,473 Shares of GE Vernova Inc. (NYSE:GEV)

Values First Advisors Inc. grew its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 75.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,422 shares of the company's stock after buying an additional 1,473 shares during the quarter. Values First Advisors Inc.'s holdings in GE Vernova were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MRP Capital Investments LLC bought a new position in GE Vernova in the 4th quarter worth $25,000. Fairway Wealth LLC raised its holdings in GE Vernova by 220.0% in the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the period. Navigoe LLC bought a new position in GE Vernova in the 4th quarter worth $27,000. Clarity Asset Management Inc. bought a new position in GE Vernova in the 4th quarter worth $28,000. Finally, Orion Capital Management LLC bought a new position in GE Vernova in the 4th quarter worth $30,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GEV. UBS Group began coverage on GE Vernova in a report on Monday. They issued a "buy" rating and a $614.00 target price on the stock. Royal Bank Of Canada decreased their price target on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. Glj Research started coverage on GE Vernova in a report on Monday, June 23rd. They set a "buy" rating on the stock. Truist Financial set a $440.00 price target on GE Vernova in a report on Thursday, March 27th. Finally, Robert W. Baird raised their price target on GE Vernova from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $451.38.

GE Vernova Stock Down 0.1%

GEV traded down $0.41 on Friday, hitting $538.95. The company had a trading volume of 2,285,780 shares, compared to its average volume of 3,318,687. The company has a market cap of $147.10 billion, a PE ratio of 77.66, a PEG ratio of 4.15 and a beta of 1.86. GE Vernova Inc. has a 12-month low of $150.01 and a 12-month high of $546.36. The business's fifty day simple moving average is $476.87 and its 200 day simple moving average is $389.56.

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

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 21st will be given a $0.25 dividend. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a yield of 0.19%. GE Vernova's dividend payout ratio is currently 14.41%.

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.