1,209 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,209 shares of the company's stock, valued at approximately $398,000.

Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth about $375,000. American Century Companies Inc. acquired a new stake in GE Vernova in the 2nd quarter worth approximately $4,940,000. Envestnet Asset Management Inc. purchased a new stake in GE Vernova during the 2nd quarter worth approximately $45,674,000. Massachusetts Financial Services Co. MA acquired a new position in GE Vernova during the 2nd quarter valued at approximately $119,390,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of GE Vernova in the second quarter worth $176,775,000.

GE Vernova Stock Up 2.8 %

Shares of GE Vernova stock traded up $10.84 on Friday, reaching $401.84. The company's stock had a trading volume of 2,360,990 shares, compared to its average volume of 2,720,004. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $404.13. The stock has a 50-day moving average price of $343.37 and a 200-day moving average price of $262.08.

GE Vernova Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, December 20th.

GE Vernova declared that its board has authorized a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GEV shares. Citigroup boosted their price objective on shares of GE Vernova from $292.00 to $361.00 and gave the company a "neutral" rating in a report on Monday, December 9th. Oppenheimer started coverage on GE Vernova in a report on Thursday, September 26th. They issued a "market perform" rating on the stock. Barclays raised their price objective on GE Vernova from $320.00 to $420.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Bank of America upped their target price on GE Vernova from $380.00 to $415.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Raymond James cut shares of GE Vernova from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. Seven 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. According to MarketBeat.com, GE Vernova presently has a consensus 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.