CWA Asset Management Group LLC Has $440,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

CWA Asset Management Group LLC grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,338 shares of the company’s stock after purchasing an additional 178 shares during the period. CWA Asset Management Group LLC’s holdings in GE Vernova were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in GE Vernova by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 6,473 shares of the company’s stock worth $2,129,000 after buying an additional 681 shares during the period. Versant Capital Management Inc increased its holdings in shares of GE Vernova by 18.0% during the fourth quarter. Versant Capital Management Inc now owns 4,515 shares of the company’s stock valued at $1,485,000 after acquiring an additional 688 shares in the last quarter. Cacti Asset Management LLC raised its position in shares of GE Vernova by 3.2% during the fourth quarter. Cacti Asset Management LLC now owns 6,020 shares of the company’s stock worth $1,988,000 after purchasing an additional 187 shares during the period. Old Port Advisors lifted its holdings in shares of GE Vernova by 8.2% in the 4th quarter. Old Port Advisors now owns 1,420 shares of the company’s stock worth $467,000 after purchasing an additional 108 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in GE Vernova by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 577,284 shares of the company’s stock valued at $147,196,000 after purchasing an additional 12,323 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GEV shares. Morgan Stanley upped their price objective 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. Barclays raised their price target on shares of GE Vernova from $320.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Guggenheim cut their price target on GE Vernova from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. TD Cowen began coverage on GE Vernova in a research note on Thursday, December 5th. They issued a “buy” rating and a $400.00 price objective for the company. Finally, Wolfe Research initiated coverage on GE Vernova in a research report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $314.35.

GE Vernova Stock Down 0.6 %

Shares of NYSE GEV opened at $366.30 on Thursday. GE Vernova Inc. has a one year low of $115.00 and a one year high of $376.30. The business’s fifty day moving average price is $335.93 and its 200-day moving average price is $254.32.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Friday, December 20th.

GE Vernova announced that its board has initiated a stock 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 buy up to 6.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is 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.