TD Private Client Wealth LLC Acquires 1,630 Shares of GE Vernova Inc. $GEV

Key Points

• TD Private Client Wealth LLC has increased its holdings in GE Vernova Inc. by 17.1%, owning a total of 11,175 shares valued at approximately $5.91 million.
• GE Vernova reported $1.86 EPS for the latest quarter, outperforming expectations, with revenues increasing by 11.1% year-over-year.
• Analyst ratings for GE Vernova show mixed sentiments, with Guggenheim downgrading the stock to "neutral," while Goldman Sachs raised its target price from $500 to $570.

TD Private Client Wealth LLC lifted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 17.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,175 shares of the company's stock after acquiring an additional 1,630 shares during the period. TD Private Client Wealth LLC's holdings in GE Vernova were worth $5,913,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova in the 1st quarter worth approximately $27,000. IMA Advisory Services Inc. purchased a new position in GE Vernova during the first quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of GE Vernova by 115.2% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company's stock worth $30,000 after acquiring an additional 53 shares during the last quarter. 1248 Management LLC purchased a new position in shares of GE Vernova during the 1st quarter worth about $31,000. Finally, Saudi Central Bank bought a new position in GE Vernova during the 1st quarter valued at about $33,000.

GE Vernova Trading Down 1.7%

NYSE:GEV opened at $633.65 on Wednesday. The company's 50 day moving average is $620.35 and its two-hundred day moving average is $483.28. The company has a market cap of $172.49 billion, a PE ratio of 152.69, a P/E/G ratio of 4.70 and a beta of 1.87. GE Vernova Inc. has a twelve month low of $247.07 and a twelve month high of $677.29.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. GE Vernova has set its FY 2025 guidance at EPS. As a group, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the completion of the transaction, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Guggenheim cut GE Vernova from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. The Goldman Sachs Group lifted their target price on GE Vernova from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Citigroup raised their price target on shares of GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of GE Vernova from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Morgan Stanley increased their price objective on GE Vernova from $511.00 to $675.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $592.35.

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.

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