GE Vernova Inc. (NYSE:GEV) Shares Purchased by Trium Capital LLP

Trium Capital LLP raised its position in GE Vernova Inc. (NYSE:GEV) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,716 shares of the company’s stock after purchasing an additional 118 shares during the period. GE Vernova comprises approximately 0.1% of Trium Capital LLP’s portfolio, making the stock its 26th biggest holding. Trium Capital LLP’s holdings in GE Vernova were worth $564,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GEV. Merit Financial Group LLC boosted its position in shares of GE Vernova by 23.8% in the 4th quarter. Merit Financial Group LLC now owns 6,605 shares of the company’s stock worth $2,173,000 after buying an additional 1,270 shares in the last quarter. Everpar Advisors LLC purchased a new stake in shares of GE Vernova in the fourth quarter valued at about $250,000. Tompkins Financial Corp grew its position in shares of GE Vernova by 21.8% in the fourth quarter. Tompkins Financial Corp now owns 1,151 shares of the company’s stock valued at $379,000 after purchasing an additional 206 shares during the last quarter. RDA Financial Network purchased a new position in shares of GE Vernova during the 4th quarter worth approximately $224,000. Finally, Yarbrough Capital LLC raised its position in shares of GE Vernova by 67.2% during the 4th quarter. Yarbrough Capital LLC now owns 2,886 shares of the company’s stock worth $949,000 after purchasing an additional 1,160 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on GEV. Deutsche Bank Aktiengesellschaft assumed coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 target price on the stock. TD Cowen began coverage on GE Vernova in a research note on Thursday, December 5th. They set a “buy” rating and a $400.00 price objective on the stock. Bank of America boosted their target price on shares of GE Vernova from $380.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $367.00 to $374.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Citigroup boosted 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. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.35.

GE Vernova Trading Up 2.8 %

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

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

GE Vernova declared that its board has approved a stock repurchase plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.