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

TD Private Client Wealth LLC increased its holdings in shares of GE Vernova Inc. (NYSE:GEV - Free Report) by 409.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,769 shares of the company's stock after acquiring an additional 3,029 shares during the period. TD Private Client Wealth LLC's holdings in GE Vernova were worth $1,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its holdings in GE Vernova by 3.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 798 shares of the company's stock worth $262,000 after buying an additional 27 shares during the last quarter. Hengehold Capital Management LLC lifted its holdings in GE Vernova by 2.4% in the 4th quarter. Hengehold Capital Management LLC now owns 1,231 shares of the company's stock valued at $405,000 after purchasing an additional 29 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in GE Vernova by 1.6% in the 4th quarter. AdvisorNet Financial Inc now owns 1,859 shares of the company's stock valued at $611,000 after purchasing an additional 30 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of GE Vernova by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 2,701 shares of the company's stock worth $888,000 after buying an additional 31 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its position in GE Vernova by 1.9% during the fourth quarter. WASHINGTON TRUST Co now owns 1,702 shares of the company's stock worth $560,000 after acquiring an additional 31 shares during the last quarter.

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GE Vernova Stock Down 2.6 %

GE Vernova stock traded down $9.08 during mid-day trading on Tuesday, reaching $334.49. 1,862,686 shares of the company's stock were exchanged, compared to its average volume of 4,120,879. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $447.50. The company has a market cap of $92.29 billion and a P/E ratio of 60.16. The company has a fifty day moving average of $351.71 and a 200-day moving average of $320.18.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.70 billion. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that GE Vernova Inc. will post 6.59 earnings per share for the current fiscal year.

GE Vernova declared that its Board of Directors has approved a share buyback program on Tuesday, December 10th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to purchase up to 6.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Baird R W raised shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, February 13th. Barclays cut their price target on GE Vernova from $487.00 to $427.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada lowered their price objective on GE Vernova from $453.00 to $445.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Guggenheim raised GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 target price for the company in a research note on Wednesday, March 5th. Finally, William Blair reiterated an "outperform" rating on shares of GE Vernova in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $348.72.

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.