TD Waterhouse Canada Inc. Purchases 5,008 Shares of GE Vernova Inc. $GEV

Key Points

• TD Waterhouse Canada increased its GE Vernova stake by 3.1% in the second quarter, purchasing 5,008 additional shares and bringing its total holdings to 165,072 shares valued at approximately $187.2 million.
• GE Vernova reported 21.9% year-over-year revenue growth to $11.1 billion, but quarterly EPS of $2.47 fell short of the $3.17 consensus estimate. Strong orders, a record $176 billion backlog and higher guidance support the outlook, while wind-segment losses, tariffs and elevated valuation remain risks.
• Wall Street’s consensus view is “Moderate Buy,” with an average price target of $1,133.15. Shares opened at $1,048.52, while CEO Victor Abate sold 4,819 shares at an average price of $948.08.

TD Waterhouse Canada Inc. increased its position in GE Vernova Inc. (NYSE:GEV - Free Report) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,072 shares of the company's stock after purchasing an additional 5,008 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.06% of GE Vernova worth $187,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEV. Manning & Napier Advisors LLC boosted its holdings in shares of GE Vernova by 68.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock valued at $26,000 after buying an additional 13 shares in the last quarter. Miller Global Investments LLC boosted its stake in GE Vernova by 63.6% during the second quarter. Miller Global Investments LLC now owns 36 shares of the company's stock worth $42,000 after acquiring an additional 14 shares in the last quarter. Torren Management LLC purchased a new stake in GE Vernova in the fourth quarter worth about $26,000. Cornerstone Financial Management LLC purchased a new stake in GE Vernova in the fourth quarter worth about $25,000. Finally, Wealth Watch Advisors INC bought a new position in shares of GE Vernova during the third quarter valued at approximately $25,000.

Insider Buying and Selling at GE Vernova

In other news, CEO Victor Abate sold 4,819 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares in the company, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by corporate insiders.

Key Stories Impacting GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Strong Q2 growth and higher guidance: GE Vernova reported approximately 22% year-over-year revenue growth, stronger margins and cash flow, robust orders, and a record $176 billion backlog. Management also raised its 2026 revenue and free-cash-flow outlook, supporting expectations for continued earnings growth. Can GE Vernova's Strong Q2 Results Fuel Further Earnings Growth?
• Positive Sentiment: AI and data-center power demand remain major catalysts: Analysts view GE Vernova’s Power and Electrification businesses, backlog and high-margin services as key beneficiaries of surging electricity demand and grid investment. One bullish analysis projects $46 billion of 2026 revenue and sees significant backlog conversion ahead. GE Vernova: I Can't Stop Buying This AI Power Stock
• Positive Sentiment: New Texas power project expands potential growth: GE Vernova Hitachi Nuclear Energy and Blue Energy agreed to advance a proposed 2.5-gigawatt gas-and-nuclear facility in Texas into engineering, licensing and safety work, reinforcing the company’s nuclear opportunity. GE Vernova and Blue Energy Move Forward With 2.5 GW Texas Gas-Nuclear Power Project
• Neutral Sentiment: Industry funding highlights storage competition and opportunity: Form Energy raised $750 million to expand iron-air battery production, signaling accelerating investment in large-scale power-storage technologies. The development is not directly tied to GEV but could influence future grid-equipment demand and competitive dynamics. Form Energy raises $750m to expand iron-air battery production
• Negative Sentiment: Valuation and execution risks temper the bullish outlook: GE Vernova’s shares have already delivered strong returns, and analysts warn that expectations are high. The company’s latest adjusted EPS of $2.47 missed the $3.17 consensus estimate, with wind-segment losses and tariff costs weighing on profitability. GE Vernova’s AI Power Boom Faces a Profit Test

Wall Street Analyst Weigh In

A number of analysts have recently commented on GEV shares. BMO Capital Markets reissued an "outperform" rating on shares of GE Vernova in a research report on Friday, August 7th. BNP Paribas Exane lowered GE Vernova from an "outperform" rating to a "neutral" rating and set a $1,190.00 price objective for the company. in a research report on Monday, April 27th. Jefferies Financial Group reiterated a "buy" rating on shares of GE Vernova in a research note on Monday, July 27th. Mizuho boosted their target price on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Finally, William Blair reissued an "outperform" rating on shares of GE Vernova in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GE Vernova presently has an average rating of "Moderate Buy" and an average target price of $1,133.15.

GE Vernova Trading Up 0.8%

NYSE:GEV opened at $1,048.52 on Friday. The company's 50 day moving average price is $1,031.48 and its 200-day moving average price is $957.01. GE Vernova Inc. has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $279.25 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 3.71 and a beta of 1.21.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). The firm had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.GE Vernova's revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, equities research analysts forecast that GE Vernova Inc. will post 15.57 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is presently 5.72%.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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