By otakuyassine3@gmail.com 
Northside Capital Management LLC decreased its stake in GE Vernova Inc. (NYSE:GEV – Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 928 shares of the company’s stock after selling 200 shares during the period. Northside Capital Management LLC’s holdings in GE Vernova were worth $305,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in GEV. Armstrong Advisory Group Inc. increased its holdings in shares of GE Vernova by 3.5% during the fourth quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company’s stock worth $262,000 after buying an additional 27 shares in the last quarter. AdvisorNet Financial Inc grew its position in GE Vernova by 1.6% during the 4th 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. increased its holdings in 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 in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in GE Vernova by 3.8% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 966 shares of the company’s stock worth $318,000 after purchasing an additional 35 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in GE Vernova by 2.5% in the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after purchasing an additional 38 shares during the last quarter.
Wall Street Analyst Weigh In
GEV has been the topic of several research reports. Morgan Stanley boosted their price target on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. Oppenheimer initiated coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating for the company. Truist Financial boosted their price objective on shares of GE Vernova from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Bank of America increased their price objective on GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday. 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $318.60.
View Our Latest Stock Analysis on GE Vernova
GE Vernova Price Performance
Shares of GE Vernova stock opened at $386.40 on Thursday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $392.77. The stock has a 50 day moving average price of $341.28 and a two-hundred day moving average price of $260.29.
GE Vernova declared that its board has authorized a share repurchase plan on Tuesday, December 10th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
GE Vernova Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Friday, December 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, December 20th.
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.
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