760 Shares in GE Vernova Inc. (NYSE:GEV) Acquired by Everpar Advisors LLC

Everpar Advisors LLC acquired a new stake in GE Vernova Inc. (NYSE:GEV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 760 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds also recently made changes to their positions in the company. Castleview Partners LLC acquired a new stake in GE Vernova during the 3rd quarter valued at $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 purchased a new position in GE Vernova in the 2nd quarter valued at about $30,000. Covestor Ltd increased its position in shares of GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of GE Vernova in the third quarter worth about $31,000.

GE Vernova Price Performance

GE Vernova stock opened at $401.84 on Friday. The firm has a 50-day moving average price of $343.37 and a two-hundred day moving average price of $262.08. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $404.13.

GE Vernova announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 10th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 6.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

GE Vernova Dividend Announcement

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Friday, December 20th.

Analyst Ratings Changes

Several research firms have issued reports on GEV. Wolfe Research began coverage on GE Vernova in a report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 price objective on the stock. Bank of America lifted their price target on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group increased their price objective on shares of 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 started coverage on shares of GE Vernova in a research report on Thursday, December 5th. They issued a “buy” rating and a $400.00 target price for the company. Finally, Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has a consensus 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.