2 weeks Ago By ABMN Staff
Thrivent Financial for Lutherans cut its stake in shares of GE Vernova Inc. ( NYSE:GEV – Free Report ) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 16,861 shares of the company’s stock after selling 47 shares during the period. Thrivent Financial for Lutherans’ holdings in GE Vernova were worth $5,637,000 at the end of the most recent quarter. Several other hedge funds have also modified their holdings of GEV.
Cedar Mountain Advisors LLC lifted its stake in GE Vernova by 102.6% during the fourth quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company’s stock valued at $25,000 after buying an additional 39 shares in the last quarter.
Fairway Wealth LLC raised its holdings in shares of GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the period.
Pineridge Advisors LLC raised its holdings in shares of GE Vernova by 530.8% during the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company’s stock valued at $27,000 after acquiring an additional 69 shares during the period.
Prestige Wealth Management Group LLC lifted its position in shares of GE Vernova by 175.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock valued at $31,000 after acquiring an additional 77 shares in the last quarter.
Finally, Asset Planning Inc acquired a new position in GE Vernova in the 4th quarter worth approximately $35,000. GE Vernova Stock Up 3.0 % Shares of NYSE GEV opened at $343.
98 on Tuesday. GE Vernova Inc. has a 12 month low of $119.
00 and a 12 month high of $447.50. The company has a market cap of $94.
91 billion and a P/E ratio of 61.87. The business’s 50 day moving average is $351.
71 and its two-hundred day moving average is $320.18. GE Vernova announced that its board has authorized 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 repurchase up to 6.7% of its shares through open market purchases.
Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued. Analysts Set New Price Targets GEV has been the subject of a number of research analyst reports. Johnson Rice started coverage on GE Vernova in a report on Friday, February 7th.
They issued a “buy” rating and a $425.00 target price for the company. Wolfe Research started coverage on GE Vernova in a research note on Wednesday, December 4th.
They issued an “outperform” rating and a $403.00 price objective for the company. Guggenheim upgraded GE Vernova from a “neutral” rating to a “buy” rating and set a $380.
00 target price on the stock in a report on Wednesday, March 5th. Royal Bank of Canada decreased their price target on shares of GE Vernova from $453.00 to $445.
00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Finally, William Blair reiterated an “outperform” rating on shares of GE Vernova in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the stock.
According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $348.72. Get Our Latest Stock Report on GE Vernova GE Vernova Company Profile ( Free Report ) 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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