Yarbrough Capital LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 67.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,886 shares of the company's stock after purchasing an additional 1,160 shares during the period. Yarbrough Capital LLC's holdings in GE Vernova were worth $949,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Castleview Partners LLC purchased a new position in shares of GE Vernova in the third quarter valued at approximately $28,000. Pathway Financial Advisers LLC acquired a new position in GE Vernova in the 2nd quarter valued at $29,000. Glass Jacobson Investment Advisors llc purchased a new position in GE Vernova in the 2nd quarter valued at $30,000. Covestor Ltd boosted its stake in GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company's stock worth $31,000 after purchasing an additional 46 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of GE Vernova during the third quarter worth $31,000.
Wall Street Analyst Weigh In
GEV has been the topic of several research reports. HSBC reissued a "hold" rating and issued a $255.00 price target (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They set a "market perform" rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research report on Monday, October 21st. They issued a "buy" rating and a $354.00 price target for the company. Jefferies Financial Group lifted their price objective on GE Vernova from $348.00 to $391.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $376.00 price objective on shares of GE Vernova in a research note on Wednesday, December 11th. Seven equities research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $321.35.
Get Our Latest Stock Analysis on GEV
GE Vernova Trading Up 2.9 %
Shares of GEV traded up $11.53 during mid-day trading on Friday, reaching $402.53. The company's stock had a trading volume of 1,782,434 shares, compared to its average volume of 2,655,653. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $404.13. The company's 50 day moving average is $342.29 and its 200 day moving average is $261.18.
GE Vernova Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%.
GE Vernova declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 10th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.
About GE Vernova
(
Free Report)
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.
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