KRS Capital Management LLC Has $537,000 Stock Holdings in GE Vernova Inc. (NYSE:GEV)

KRS Capital Management LLC grew its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 8.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,633 shares of the company’s stock after acquiring an additional 133 shares during the period. KRS Capital Management LLC’s holdings in GE Vernova were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEV. Castleview Partners LLC bought a new position in GE Vernova in the 3rd quarter valued at $28,000. Covestor Ltd increased its stake in shares of GE Vernova by 61.3% during the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $31,000. Prestige Wealth Management Group LLC lifted its stake in GE Vernova by 175.0% in the third quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. Finally, Planning Capital Management Corp lifted its position in shares of GE Vernova by 1,000.0% during the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after buying an additional 130 shares during the last quarter.

GE Vernova Stock Up 2.8 %

GEV stock traded up $10.84 during midday trading on Friday, reaching $401.84. 2,360,990 shares of the company’s stock traded hands, compared to its average volume of 2,430,212. GE Vernova Inc. has a 52-week low of $115.00 and a 52-week high of $404.13. The stock’s 50-day moving average is $343.37 and its 200 day moving average is $262.08.

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

GE Vernova Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GEV. The Goldman Sachs Group increased their target price on shares of GE Vernova from $400.00 to $446.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim decreased their price objective on GE Vernova from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Evercore ISI increased their price target on shares of GE Vernova from $385.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a research note on Wednesday, December 11th. Finally, 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 for the company. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $321.35.

GE Vernova 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.