West Oak Capital LLC Raises Stock Holdings in GE Vernova Inc. (NYSE:GEV)

West Oak Capital LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 1,811.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 325 shares of the company’s stock after purchasing an additional 308 shares during the quarter. West Oak Capital LLC’s holdings in GE Vernova were worth $107,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the 2nd quarter worth $25,000. Spectrum Wealth Counsel LLC purchased a new position in GE Vernova in the second quarter worth about $27,000. Castleview Partners LLC bought a new stake in GE Vernova during the third quarter worth approximately $28,000. Pathway Financial Advisers LLC purchased a new stake in GE Vernova during the second quarter valued at approximately $29,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in GE Vernova during the second quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GEV shares. Barclays lifted their target price on GE Vernova from $320.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. William Blair reiterated an “outperform” rating on shares of GE Vernova in a research report on Wednesday, December 11th. Truist Financial increased their target price on shares of GE Vernova from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Bank of America lifted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley increased their price objective on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Seven 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $314.35.

GE Vernova Stock Up 0.3 %

GEV traded up $1.05 during trading on Friday, hitting $367.53. The company’s stock had a trading volume of 2,385,116 shares, compared to its average volume of 2,759,704. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $376.30. The business’s fifty day simple moving average is $337.22 and its 200 day simple moving average is $255.10.

GE Vernova Dividend Announcement

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

GE Vernova announced that its board has initiated a share buyback program on Tuesday, December 10th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership 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.