Brookstone Capital Management Buys 457 Shares of GE Vernova Inc. (NYSE:GEV)

Brookstone Capital Management lifted its stake in GE Vernova Inc. (NYSE:GEV) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,923 shares of the company’s stock after acquiring an additional 457 shares during the quarter. Brookstone Capital Management’s holdings in GE Vernova were worth $1,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GEV. Acadian Asset Management LLC bought a new stake in GE Vernova during the second quarter valued at approximately $375,000. American Century Companies Inc. bought a new stake in GE Vernova during the second quarter valued at approximately $4,940,000. Thoroughbred Financial Services LLC bought a new stake in GE Vernova during the second quarter valued at approximately $251,000. Envestnet Asset Management Inc. bought a new stake in GE Vernova during the second quarter valued at approximately $45,674,000. Finally, J.W. Cole Advisors Inc. bought a new stake in GE Vernova during the second quarter valued at approximately $576,000.

Analyst Ratings Changes

Several brokerages recently issued reports on GEV. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Oppenheimer started coverage on shares of GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of GE Vernova in a report on Wednesday, December 11th. TD Cowen started coverage on shares of GE Vernova in a report on Thursday, December 5th. They set a “buy” rating and a $400.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $318.60.

GE Vernova Trading Up 1.1 %

NYSE GEV opened at $386.40 on Thursday. The business’s 50-day moving average price is $341.28 and its 200 day moving average price is $260.29. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $392.77.

GE Vernova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%.

GE Vernova declared that its board has approved a share repurchase program on Tuesday, December 10th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 6.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.