Burford Brothers Inc. Buys 95 Shares of GE Vernova Inc. $GEV

Burford Brothers Inc. lifted its stake in GE Vernova Inc. (NYSE:GEV) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,898 shares of the company’s stock after acquiring an additional 95 shares during the quarter. GE Vernova accounts for about 0.9% of Burford Brothers Inc.’s investment portfolio, making the stock its 22nd largest holding. Burford Brothers Inc.’s holdings in GE Vernova were worth $2,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Highline Wealth Partners LLC grew its position in GE Vernova by 34.6% in the 2nd quarter. Highline Wealth Partners LLC now owns 70 shares of the company’s stock worth $37,000 after purchasing an additional 18 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter worth $37,000. IMA Advisory Services Inc. bought a new stake in shares of GE Vernova in the first quarter worth $27,000. EQ Wealth Advisors LLC purchased a new stake in GE Vernova during the first quarter valued at $27,000. Finally, West Branch Capital LLC lifted its holdings in GE Vernova by 25.6% in the second quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after acquiring an additional 20 shares during the period.

GE Vernova Price Performance

Shares of GEV stock opened at $599.62 on Friday. GE Vernova Inc. has a one year low of $252.25 and a one year high of $677.29. The company’s fifty day moving average price is $616.42 and its 200-day moving average price is $520.58. The company has a market capitalization of $163.23 billion, a price-to-earnings ratio of 144.49, a PEG ratio of 4.35 and a beta of 1.72.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.23. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. Equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova’s payout ratio is currently 24.10%.

Insider Buying and Selling

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GEV. TD Cowen boosted their price target on GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Mizuho boosted their target price on shares of GE Vernova from $670.00 to $677.00 and gave the company a “neutral” rating in a research report on Wednesday. UBS Group assumed coverage on shares of GE Vernova in a research report on Monday, July 7th. They issued a “buy” rating and a $614.00 price target on the stock. Glj Research boosted their price objective on shares of GE Vernova from $702.00 to $758.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird upped their price objective on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $592.61.

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.