Toronto Dominion Bank Has $48.56 Million Position in GE Vernova Inc. (NYSE:GEV)

Toronto Dominion Bank boosted its position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,639 shares of the company's stock after buying an additional 11,701 shares during the period. Toronto Dominion Bank owned approximately 0.05% of GE Vernova worth $48,563,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GEV. MRP Capital Investments LLC bought a new position in shares of GE Vernova in the fourth quarter worth about $25,000. Fairway Wealth LLC lifted its holdings in shares of GE Vernova by 220.0% in the fourth quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Pineridge Advisors LLC lifted its holdings in shares of GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Navigoe LLC bought a new position in shares of GE Vernova in the fourth quarter worth about $27,000. Finally, Clarity Asset Management Inc. bought a new position in shares of GE Vernova in the fourth quarter worth about $28,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GEV shares. CICC Research started coverage on shares of GE Vernova in a report on Wednesday, February 19th. They issued an "outperform" rating for the company. Robert W. Baird increased their target price on shares of GE Vernova from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. New Street Research set a $380.00 price objective on shares of GE Vernova in a report on Wednesday, March 5th. Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, Guggenheim reiterated a "buy" rating and set a $380.00 target price on shares of GE Vernova in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, GE Vernova presently has a consensus rating of "Moderate Buy" and a consensus price target of $385.78.

GE Vernova Price Performance

Shares of NYSE:GEV traded up $0.39 during mid-day trading on Friday, hitting $471.56. The company had a trading volume of 5,090,753 shares, compared to its average volume of 3,348,350. The firm has a fifty day moving average price of $371.84 and a 200 day moving average price of $355.39. The company has a market capitalization of $128.71 billion and a PE ratio of 84.81. GE Vernova Inc. has a one year low of $150.01 and a one year high of $489.13.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. GE Vernova's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.47) EPS. Research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 18th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. GE Vernova's dividend payout ratio is currently 14.41%.

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.