GE Vernova Inc. (NYSE:GEV) Shares Bought by Yarbrough Capital LLC

Yarbrough Capital LLC grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 67.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. lifted its position in GE Vernova by 3.5% in the fourth quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company’s stock worth $262,000 after purchasing an additional 27 shares during the period. AdvisorNet Financial Inc raised its stake in shares of GE Vernova by 1.6% in 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 in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of GE Vernova by 28.0% in the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after buying an additional 35 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in GE Vernova by 3.8% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 966 shares of the company’s stock valued at $318,000 after buying an additional 35 shares in the last quarter. Finally, SteelPeak Wealth LLC grew its holdings in GE Vernova by 2.5% during the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after acquiring an additional 38 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America upped their price target on shares of GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday. William Blair reissued an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 target price for the company. Jefferies Financial Group upped their price target on GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group increased their price objective 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.35.

GE Vernova Price Performance

NYSE GEV opened at $390.86 on Friday. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $397.76. The company’s 50-day simple moving average is $342.29 and its 200 day simple moving average is $261.18.

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

GE Vernova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.26%.

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.