Guardian Investment Management Takes Position in GE Vernova Inc. (NYSE:GEV)

Guardian Investment Management acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,790 shares of the company's stock, valued at approximately $918,000.

A number of other large investors have also recently made changes to their positions in the stock. Waverton Investment Management Ltd raised its position in GE Vernova by 10.0% during the 3rd quarter. Waverton Investment Management Ltd now owns 727,704 shares of the company's stock worth $185,459,000 after buying an additional 66,455 shares during the last quarter. Hanlon Investment Management Inc. purchased a new position in shares of GE Vernova during the third quarter worth $1,101,000. Atria Investments Inc lifted its position in GE Vernova by 127.0% during the third quarter. Atria Investments Inc now owns 5,088 shares of the company's stock valued at $1,297,000 after purchasing an additional 2,847 shares during the period. Fractal Investments LLC acquired a new stake in GE Vernova during the 3rd quarter worth about $1,530,000. Finally, Legal & General Group Plc acquired a new stake in GE Vernova during the 2nd quarter worth about $293,699,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $376.00 price target on shares of GE Vernova in a report on Wednesday, December 11th. Guggenheim lowered their price target on shares of GE Vernova from $400.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, December 11th. Hsbc Global Res cut shares of GE Vernova from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Evercore ISI upped their price objective on shares of GE Vernova from $385.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Wolfe Research initiated coverage on GE Vernova in a research report on Wednesday, December 4th. They set an "outperform" rating and a $403.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and a consensus target price of $321.35.

GE Vernova Stock Performance

NYSE GEV traded up $10.84 on Monday, reaching $401.84. 2,360,990 shares of the company were exchanged, compared to its average volume of 2,430,212. The business's fifty day moving average price is $344.59 and its 200 day moving average price is $265.01. GE Vernova Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $404.13.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Friday, December 20th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, December 20th.

GE Vernova announced that its board has approved a share buyback plan on Tuesday, December 10th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 6.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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.