GE Vernova Inc. (NYSE:GEV) Stock Position Raised by WD Rutherford LLC

WD Rutherford LLC boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 148.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,309 shares of the company's stock after acquiring an additional 2,575 shares during the period. WD Rutherford LLC's holdings in GE Vernova were worth $1,416,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of GE Vernova by 29.4% in the fourth quarter. Brighton Jones LLC now owns 3,315 shares of the company's stock worth $1,091,000 after acquiring an additional 753 shares during the last quarter. Beacon Capital Management LLC raised its stake in GE Vernova by 75.5% in the 4th quarter. Beacon Capital Management LLC now owns 172 shares of the company's stock valued at $57,000 after purchasing an additional 74 shares during the last quarter. Principal Securities Inc. lifted its holdings in GE Vernova by 29.0% in the 4th quarter. Principal Securities Inc. now owns 1,892 shares of the company's stock valued at $622,000 after purchasing an additional 425 shares in the last quarter. Allworth Financial LP lifted its holdings in GE Vernova by 38.8% in the 4th quarter. Allworth Financial LP now owns 5,688 shares of the company's stock valued at $1,871,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Tcfg Wealth Management LLC acquired a new stake in shares of GE Vernova during the 4th quarter worth about $210,000.

GE Vernova Trading Up 0.3%

NYSE GEV traded up $1.46 during mid-day trading on Wednesday, reaching $490.12. 2,239,101 shares of the company's stock traded hands, compared to its average volume of 3,269,642. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $500.72. The company has a fifty day simple moving average of $415.39 and a 200-day simple moving average of $367.75. The company has a market cap of $133.77 billion, a price-to-earnings ratio of 70.62, a P/E/G ratio of 3.79 and a beta of 1.97.

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

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date was Thursday, April 17th. GE Vernova's dividend payout ratio (DPR) is presently 14.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GEV. JPMorgan Chase & Co. boosted their price objective on shares of GE Vernova from $430.00 to $460.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. CICC Research started coverage on GE Vernova in a report on Wednesday, February 19th. They set an "outperform" rating on the stock. BMO Capital Markets increased their target price on GE Vernova from $381.00 to $522.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Morgan Stanley reiterated an "overweight" rating and set a $422.00 price objective (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Finally, Truist Financial set a $440.00 target price on shares of GE Vernova in a report on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of "Moderate Buy" and a consensus target price of $404.56.

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.