GE Vernova Inc. (NYSE:GEV) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its stake in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 153.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,545 shares of the company's stock after buying an additional 5,776 shares during the period. TD Private Client Wealth LLC's holdings in GE Vernova were worth $2,914,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MRP Capital Investments LLC acquired a new position in GE Vernova during the fourth quarter worth $25,000. Fairway Wealth LLC boosted its stake in GE Vernova by 220.0% during the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after buying an additional 55 shares during the last quarter. Navigoe LLC acquired a new position in GE Vernova during the fourth quarter worth $27,000. Clarity Asset Management Inc. acquired a new position in GE Vernova during the fourth quarter worth $28,000. Finally, Orion Capital Management LLC acquired a new position in GE Vernova during the fourth quarter worth $30,000.

Analysts Set New Price Targets

A number of research firms have commented on GEV. Glj Research began coverage on GE Vernova in a research report on Monday, June 23rd. They issued a "buy" rating on the stock. Barclays lifted their target price on GE Vernova from $500.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Citigroup reduced their target price on GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group downgraded GE Vernova from a "buy" rating to a "hold" rating and lifted their target price for the company from $427.00 to $517.00 in a research report on Thursday, May 29th. Finally, Wall Street Zen upgraded GE Vernova from a "hold" rating to a "buy" rating in a research report on Saturday. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and a consensus price target of $450.13.

GE Vernova Stock Down 0.0%

NYSE GEV traded down $0.19 during trading hours on Tuesday, hitting $530.09. 3,126,465 shares of the company were exchanged, compared to its average volume of 3,767,033. The company has a 50 day moving average of $464.41 and a two-hundred day moving average of $384.86. GE Vernova Inc. has a 52-week low of $150.01 and a 52-week high of $537.22. The firm has a market cap of $144.68 billion, a price-to-earnings ratio of 76.38, a PEG ratio of 3.98 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.54. GE Vernova had a return on equity of 10.10% and a net margin of 5.42%. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the prior year, the business earned ($0.47) EPS. GE Vernova's revenue was up 10.6% on a year-over-year basis. On average, equities research analysts predict that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. GE Vernova's dividend payout ratio is currently 14.41%.

About GE Vernova

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.