Roman Butler Fullerton & Co. Acquires 78 Shares of GE Vernova Inc. (NYSE:GEV)

Roman Butler Fullerton & Co. grew its holdings in GE Vernova Inc. (NYSE:GEV) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,150 shares of the company’s stock after purchasing an additional 78 shares during the period. Roman Butler Fullerton & Co.’s holdings in GE Vernova were worth $378,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of GE Vernova by 3.4% during the 4th quarter. FMR LLC now owns 24,861,833 shares of the company’s stock valued at $8,177,803,000 after purchasing an additional 814,155 shares during the period. Capital International Investors lifted its position in GE Vernova by 25.3% during the fourth quarter. Capital International Investors now owns 14,854,297 shares of the company’s stock valued at $4,886,164,000 after purchasing an additional 2,994,660 shares during the last quarter. Geode Capital Management LLC grew its stake in GE Vernova by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 5,790,051 shares of the company’s stock worth $1,898,814,000 after buying an additional 195,828 shares in the last quarter. Norges Bank purchased a new position in GE Vernova in the 4th quarter worth approximately $1,109,720,000. Finally, Northern Trust Corp increased its holdings in shares of GE Vernova by 15.0% in the 4th quarter. Northern Trust Corp now owns 2,630,122 shares of the company’s stock worth $865,126,000 after buying an additional 343,837 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GEV. Susquehanna reiterated a “positive” rating and set a $499.00 price objective (up from $399.00) on shares of GE Vernova in a research report on Wednesday, May 14th. Jefferies Financial Group lowered GE Vernova from a “buy” rating to a “hold” rating and boosted their target price for the company from $427.00 to $517.00 in a research note on Thursday, May 29th. BMO Capital Markets raised their price target on GE Vernova from $381.00 to $522.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. Bank of America boosted their price objective on GE Vernova from $520.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Finally, TD Cowen dropped their price objective on GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $404.56.

GE Vernova Stock Up 0.2%

NYSE GEV opened at $488.99 on Wednesday. The firm has a market capitalization of $133.46 billion, a PE ratio of 70.46, a P/E/G ratio of 3.79 and a beta of 1.97. The stock’s 50 day moving average is $415.39 and its 200 day moving average is $367.75. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $500.72.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.37 by $0.54. The business 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 company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.47) earnings per share. On average, research analysts anticipate that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Announces Dividend

The firm 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 of this dividend was Thursday, April 17th. GE Vernova’s 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.