1,867 Shares in GE Vernova Inc. (NYSE:GEV) Purchased by Capital CS Group LLC

Capital CS Group LLC purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,867 shares of the company’s stock, valued at approximately $614,000. GE Vernova makes up about 0.8% of Capital CS Group LLC’s holdings, making the stock its 22nd biggest holding.

Other institutional investors have also modified their holdings of the company. Grandview Asset Management LLC purchased a new position in shares of GE Vernova during the 4th quarter worth $475,000. Marcum Wealth LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at $291,000. AdvisorNet Financial Inc increased its holdings in shares of GE Vernova by 1.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company’s stock worth $611,000 after buying an additional 30 shares during the last quarter. Parisi Gray Wealth Management raised its position in shares of GE Vernova by 4.7% in the 4th quarter. Parisi Gray Wealth Management now owns 1,562 shares of the company’s stock worth $514,000 after buying an additional 70 shares during the period. Finally, Pallas Capital Advisors LLC boosted its holdings in GE Vernova by 11.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,905 shares of the company’s stock valued at $627,000 after acquiring an additional 194 shares during the last quarter.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on GE Vernova from $385.00 to $411.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Citigroup boosted their price objective on shares of GE Vernova from $292.00 to $361.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Jefferies Financial Group raised their target price on GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a research note on Friday, December 13th. TD Cowen initiated coverage on GE Vernova in a research note on Thursday, December 5th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Guggenheim lowered their price objective on GE Vernova from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $314.35.

GE Vernova Price Performance

Shares of GEV stock opened at $366.14 on Tuesday. The business has a 50 day simple moving average of $339.96 and a 200 day simple moving average of $258.81. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $376.30.

GE Vernova announced that its board has approved a share buyback program on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

GE Vernova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 0.27%.

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.