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

Yarbrough Capital LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 67.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,886 shares of the company’s stock after buying 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 SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Castleview Partners LLC purchased a new stake in GE Vernova in the third quarter valued at approximately $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth $29,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of GE Vernova in the 2nd quarter worth $30,000. Covestor Ltd lifted its stake in shares of GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in GE Vernova during the third quarter valued at approximately $31,000.

GE Vernova Stock Up 1.0 %

Shares of NYSE GEV opened at $390.86 on Friday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $397.76. The business’s fifty day moving average price is $342.29 and its two-hundred day moving average price is $261.18.

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

GE Vernova Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%.

Wall Street Analyst Weigh In

GEV has been the topic of a number of recent research reports. Bank of America boosted their price objective on GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $376.00 price target on shares of GE Vernova in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on GE Vernova from $367.00 to $374.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial increased their target price on GE Vernova from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of GE Vernova from $348.00 to $391.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Seven 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $321.35.

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.