Yarbrough Capital LLC Grows Stock Holdings in GE Vernova Inc. (NYSE:GEV)

Yarbrough Capital LLC grew its holdings in GE Vernova Inc. (NYSE:GEV) by 41.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,076 shares of the company’s stock after acquiring an additional 1,190 shares during the period. Yarbrough Capital LLC’s holdings in GE Vernova were worth $1,244,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of GE Vernova by 13.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,929 shares of the company’s stock valued at $589,000 after acquiring an additional 232 shares during the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new stake in GE Vernova during the first quarter worth $386,000. UMB Bank n.a. boosted its holdings in GE Vernova by 9.7% during the first quarter. UMB Bank n.a. now owns 2,129 shares of the company’s stock worth $650,000 after buying an additional 189 shares in the last quarter. Wedmont Private Capital boosted its holdings in GE Vernova by 3.0% during the first quarter. Wedmont Private Capital now owns 4,263 shares of the company’s stock worth $1,370,000 after buying an additional 126 shares in the last quarter. Finally, Orrstown Financial Services Inc. boosted its holdings in GE Vernova by 36.3% during the first quarter. Orrstown Financial Services Inc. now owns 2,755 shares of the company’s stock worth $841,000 after buying an additional 734 shares in the last quarter.

GE Vernova Trading Up 0.6%

NYSE:GEV opened at $487.06 on Friday. The company’s 50-day moving average price is $389.72 and its 200-day moving average price is $360.77. The company has a market cap of $132.94 billion, a P/E ratio of 87.60, a P/E/G ratio of 3.03 and a beta of 1.97. GE Vernova Inc. has a twelve month low of $150.01 and a twelve month high of $500.72.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted ($0.47) earnings per share. On average, analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current year.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. GE Vernova’s dividend payout ratio is currently 14.41%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GEV. Morgan Stanley reissued an “overweight” rating and set a $422.00 price target (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. BMO Capital Markets increased their price target on shares of GE Vernova from $381.00 to $522.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. TD Cowen lowered their price target 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. JPMorgan Chase & Co. increased their price target on shares of GE Vernova from $430.00 to $460.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Finally, New Street Research set a $380.00 price target on shares of GE Vernova in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $385.78.

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.