Rik Saylor Financial Inc. Buys Shares of 700 GE Vernova Inc. (NYSE:GEV)

Rik Saylor Financial Inc. purchased a new stake in GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 700 shares of the company's stock, valued at approximately $214,000.

A number of other institutional investors have also recently made changes to their positions in GEV. FMR LLC increased its position in shares of GE Vernova by 3.4% during the fourth quarter. FMR LLC now owns 24,861,833 shares of the company's stock worth $8,177,803,000 after acquiring an additional 814,155 shares during the period. Capital International Investors increased its position in shares of GE Vernova by 25.3% during the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company's stock worth $4,886,164,000 after acquiring an additional 2,994,660 shares during the period. Geode Capital Management LLC increased its position in shares of GE Vernova by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company's stock worth $1,898,814,000 after acquiring an additional 195,828 shares during the period. Norges Bank purchased a new position in shares of GE Vernova during the fourth quarter worth approximately $1,109,720,000. Finally, Northern Trust Corp increased its position in shares of GE Vernova by 15.0% during the fourth quarter. Northern Trust Corp now owns 2,630,122 shares of the company's stock worth $865,126,000 after acquiring an additional 343,837 shares during the period.

GE Vernova Stock Performance

Shares of GEV stock traded down $0.41 on Friday, reaching $538.95. 2,285,780 shares of the company were exchanged, compared to its average volume of 3,318,687. The company has a market cap of $147.10 billion, a price-to-earnings ratio of 77.66, a P/E/G ratio of 4.15 and a beta of 1.86. The business has a 50-day moving average price of $476.87 and a 200 day moving average price of $389.56. GE Vernova Inc. has a 1 year low of $150.01 and a 1 year high of $546.65.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.54. GE Vernova had a net margin of 5.42% and a return on equity of 10.10%. The company had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.56 billion. During the same quarter in the prior year, the company earned ($0.47) EPS. GE Vernova's revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 21st will be issued 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 payout ratio is 14.41%.

Analyst Ratings Changes

Several brokerages recently issued reports on GEV. Royal Bank Of Canada cut their price objective on shares of GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a report on Tuesday, March 18th. TD Cowen cut their price objective on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets lifted their price objective on shares of GE Vernova from $522.00 to $590.00 and gave the company an "outperform" rating in a report on Tuesday. Glj Research began coverage on shares of GE Vernova in a report on Monday, June 23rd. They set a "buy" rating on the stock. Finally, Susquehanna reissued a "positive" rating and set a $499.00 price objective (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Seven investment 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 MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average price target of $451.38.

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.