GE Vernova Inc. (NYSE:GEV) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA decreased its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,455 shares of the company’s stock after selling 198 shares during the quarter. CHICAGO TRUST Co NA’s holdings in GE Vernova were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GEV. Meeder Asset Management Inc. acquired a new position in shares of GE Vernova during the second quarter worth about $25,000. Spectrum Wealth Counsel LLC acquired a new position in GE Vernova during the 2nd quarter worth approximately $27,000. Castleview Partners LLC purchased a new position in GE Vernova in the 3rd quarter worth approximately $28,000. Pathway Financial Advisers LLC acquired a new stake in GE Vernova in the second quarter valued at approximately $29,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in GE Vernova in the second quarter valued at approximately $30,000.

Analyst Ratings Changes

GEV has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Wolfe Research initiated coverage on GE Vernova in a report on Wednesday, December 4th. They issued an “outperform” rating and a $403.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective on the stock. Finally, Barclays upped their target price on GE Vernova from $320.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $314.35.

GE Vernova Stock Down 0.3 %

Shares of NYSE GEV opened at $366.14 on Tuesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $376.30. The business’s fifty day moving average price is $339.96 and its two-hundred day moving average price is $258.81.

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

GE Vernova Announces Dividend

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 annualized dividend and a yield of 0.27%.

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.