GE Vernova Inc. (NYSE:GEV) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC cut its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,955 shares of the company’s stock after selling 32 shares during the period. Uncommon Cents Investing LLC’s holdings in GE Vernova were worth $1,630,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. American Century Companies Inc. purchased a new stake in GE Vernova during the 2nd quarter worth approximately $4,940,000. XTX Topco Ltd acquired a new position in shares of GE Vernova in the second quarter worth $383,000. Intech Investment Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth $970,000. Brighton Jones LLC acquired a new stake in shares of GE Vernova in the second quarter valued at $361,000. Finally, Ieq Capital LLC acquired a new stake in shares of GE Vernova in the second quarter valued at $2,027,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI upped their price target on GE Vernova from $385.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. Morgan Stanley boosted their price target on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Citigroup increased their price objective on shares of GE Vernova from $292.00 to $361.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Finally, Truist Financial lifted their price objective on shares of GE Vernova from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $321.35.

GE Vernova Stock Up 2.8 %

GE Vernova stock opened at $401.84 on Monday. The stock has a 50 day moving average of $344.59 and a two-hundred day moving average of $264.36. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $404.13.

GE Vernova Dividend Announcement

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

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

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.