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

Burford Brothers Inc. raised its position in shares of GE Vernova Inc. (NYSE:GEV) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,898 shares of the company’s stock after buying an additional 95 shares during the quarter. GE Vernova comprises 0.9% of Burford Brothers Inc.’s portfolio, making the stock its 22nd biggest holding. Burford Brothers Inc.’s holdings in GE Vernova were worth $2,063,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC increased its position in GE Vernova by 34.6% in the second 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 last quarter. 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 1st quarter worth about $27,000. EQ Wealth Advisors LLC purchased a new stake in shares of GE Vernova during the 1st quarter valued at about $27,000. Finally, West Branch Capital LLC raised its position in shares of GE Vernova by 25.6% during the 2nd quarter. West Branch Capital LLC now owns 98 shares of the company’s stock valued at $52,000 after buying an additional 20 shares in the last quarter.

GE Vernova Price Performance

GEV stock opened at $599.62 on Friday. GE Vernova Inc. has a 12 month low of $252.25 and a 12 month high of $677.29. The firm’s 50-day moving average is $616.42 and its 200 day moving average is $520.58. The company has a market capitalization of $163.23 billion, a PE ratio of 144.49, a P/E/G ratio of 4.35 and a beta of 1.72.

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

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 20th will be given a dividend of $0.25 per share. 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 24.10%.

Wall Street Analyst Weigh In

GEV has been the subject of several recent research reports. Wall Street Zen lowered GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of GE Vernova in a report on Wednesday, October 8th. Citigroup boosted their target price on GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Robert W. Baird raised their price target on GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Barclays boosted their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given 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 an average target price of $592.61.

Insiders Place Their Bets

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 7,590 shares in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by company insiders.

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.