Aaron Wealth Advisors LLC Acquires 57 Shares of GE Vernova Inc. (NYSE:GEV)

Aaron Wealth Advisors LLC lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,559 shares of the company’s stock after buying an additional 57 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in GE Vernova were worth $513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mountaineer Partners Management LLC bought a new stake in shares of GE Vernova during the 3rd quarter valued at $2,507,296,000. Marshall Wace LLP bought a new stake in GE Vernova in the second quarter valued at about $399,770,000. Legal & General Group Plc acquired a new position in GE Vernova in the second quarter valued at about $293,699,000. Electron Capital Partners LLC boosted its holdings in GE Vernova by 1,641.3% during the second quarter. Electron Capital Partners LLC now owns 1,694,296 shares of the company’s stock worth $290,589,000 after buying an additional 1,596,996 shares during the last quarter. Finally, Lone Pine Capital LLC acquired a new position in shares of GE Vernova during the 2nd quarter worth about $253,322,000.

GE Vernova Price Performance

NYSE GEV opened at $401.84 on Monday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $404.13. The stock has a 50 day moving average of $344.59 and a 200-day moving average of $264.36.

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

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, December 20th.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America increased their price target on shares of GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Evercore ISI raised their price objective on GE Vernova from $385.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price target on GE Vernova from $400.00 to $446.00 and gave the stock a “buy” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $321.35.

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.