Capital Advisors Wealth Management LLC Takes Position in GE Vernova Inc. (NYSE:GEV)

Capital Advisors Wealth Management LLC purchased a new position in GE Vernova Inc. (NYSE:GEV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 766 shares of the company’s stock, valued at approximately $252,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Castleview Partners LLC acquired a new stake in shares of GE Vernova in the third quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new position in GE Vernova in the 2nd quarter valued at about $29,000. Glass Jacobson Investment Advisors llc acquired a new stake in GE Vernova in the 2nd quarter worth about $30,000. Covestor Ltd increased its stake in GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after buying an additional 46 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of GE Vernova during the third quarter valued at approximately $31,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GEV. Wells Fargo & Company lifted their price target on GE Vernova from $385.00 to $411.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $367.00 to $374.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Finally, Wolfe Research started coverage on shares of GE Vernova in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $403.00 target price on the stock. Seven equities 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.35.

GE Vernova Stock Up 1.0 %

NYSE GEV opened at $390.86 on Friday. The firm’s 50-day moving average is $342.29 and its two-hundred day moving average is $261.18. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $397.76.

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

GE Vernova Dividend Announcement

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 0.26%.

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.