Koshinski Asset Management Inc. Increases Stake in GE Vernova Inc. (NYSE:GEV)

Koshinski Asset Management Inc. raised its stake in shares of GE Vernova Inc. (NYSE:GEV) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,008 shares of the company’s stock after purchasing an additional 249 shares during the period. Koshinski Asset Management Inc.’s holdings in GE Vernova were worth $989,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its position in shares of GE Vernova by 3.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company’s stock worth $262,000 after buying an additional 27 shares during the period. AdvisorNet Financial Inc increased its stake in GE Vernova by 1.6% during the fourth quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company’s stock worth $611,000 after acquiring an additional 30 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of GE Vernova by 28.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock worth $41,000 after purchasing an additional 35 shares during the period. Regent Peak Wealth Advisors LLC lifted its stake in shares of GE Vernova by 3.8% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 966 shares of the company’s stock valued at $318,000 after purchasing an additional 35 shares in the last quarter. Finally, SteelPeak Wealth LLC grew its holdings in shares of GE Vernova by 2.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock worth $400,000 after purchasing an additional 38 shares during the period.

GE Vernova Stock Up 3.8 %

GE Vernova stock opened at $416.68 on Wednesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $417.21. The company has a fifty day moving average price of $345.63 and a two-hundred day moving average price of $266.62.

GE Vernova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, December 20th.

GE Vernova declared that its Board of Directors has approved a share buyback plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 6.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GEV has been the topic of a number of recent research reports. Barclays lifted their price target on shares of GE Vernova from $320.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their price target on shares of GE Vernova from $360.00 to $420.00 in a research report on Tuesday. Jefferies Financial Group raised their price objective on GE Vernova from $348.00 to $391.00 and gave the company a “buy” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on GE Vernova from $367.00 to $374.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Finally, TD Cowen initiated coverage on GE Vernova in a report on Thursday, December 5th. They set a “buy” rating and a $400.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $326.85.

GE Vernova 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.