760 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Everpar Advisors LLC

Everpar Advisors LLC bought a new stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 760 shares of the company's stock, valued at approximately $250,000.

Other large investors have also bought and sold shares of the company. FMR LLC grew its position in GE Vernova by 2.5% in the 3rd quarter. FMR LLC now owns 24,047,678 shares of the company's stock valued at $6,131,677,000 after purchasing an additional 584,208 shares during the period. State Street Corp boosted its holdings in GE Vernova by 1.1% during the 3rd quarter. State Street Corp now owns 10,434,917 shares of the company's stock worth $2,660,695,000 after acquiring an additional 118,184 shares during the last quarter. Mountaineer Partners Management LLC bought a new stake in shares of GE Vernova in the 3rd quarter worth $2,507,296,000. Geode Capital Management LLC raised its holdings in shares of GE Vernova by 1.5% in the third quarter. Geode Capital Management LLC now owns 5,594,223 shares of the company's stock valued at $1,420,763,000 after purchasing an additional 80,479 shares during the last quarter. Finally, Newport Trust Company LLC bought a new position in shares of GE Vernova during the second quarter valued at about $650,140,000.

GE Vernova Price Performance

Shares of GEV stock traded up $10.84 during trading hours on Friday, reaching $401.84. The stock had a trading volume of 2,360,990 shares, compared to its average volume of 2,430,212. The stock's fifty day simple moving average is $344.59 and its 200 day simple moving average is $263.70. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $404.13.

GE Vernova declared that its board has authorized a stock repurchase program on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

GE Vernova Dividend Announcement

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

Analysts Set New Price Targets

GEV has been the subject of a number of recent analyst reports. Hsbc Global Res downgraded shares of GE Vernova from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 4th. Wells Fargo & Company upped their target price on GE Vernova from $385.00 to $411.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Guggenheim dropped their price target on GE Vernova from $400.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a research report on Monday, October 21st. They issued a "buy" rating and a $354.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on GE Vernova from $400.00 to $446.00 and gave the company a "buy" rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $321.35.

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.