UMB Bank n.a. Has $638,000 Position in GE Vernova Inc. (NYSE:GEV)

UMB Bank n.a. lifted its holdings in GE Vernova Inc. (NYSE:GEV) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,940 shares of the company’s stock after purchasing an additional 125 shares during the quarter. UMB Bank n.a.’s holdings in GE Vernova were worth $638,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GEV. Castleview Partners LLC acquired a new position in GE Vernova in the 3rd quarter worth $28,000. Pathway Financial Advisers LLC bought a new stake in shares of GE Vernova in the second quarter valued at about $29,000. Covestor Ltd lifted its holdings in shares of GE Vernova by 61.3% in the third quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of GE Vernova during the third quarter worth about $31,000. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of GE Vernova by 175.0% during the third quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock worth $31,000 after buying an additional 77 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Wolfe Research assumed coverage on shares of GE Vernova in a report on Wednesday, December 4th. They set an “outperform” rating and a $403.00 target price for the company. Guggenheim lowered their price target on shares of GE Vernova from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Evercore ISI boosted their price target on shares of GE Vernova from $385.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price objective on GE Vernova from $367.00 to $374.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average price target of $326.85.

GE Vernova Stock Up 3.8 %

GE Vernova stock opened at $416.68 on Wednesday. GE Vernova Inc. has a 12 month low of $115.00 and a 12 month high of $417.21. The stock’s 50 day moving average is $345.63 and its 200-day moving average is $266.62.

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

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Friday, December 20th.

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.