GE Vernova Inc. (NYSE:GEV) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 73,784 shares of the company's stock after buying an additional 3,545 shares during the period. TD Waterhouse Canada Inc.'s holdings in GE Vernova were worth $24,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GEV. Cedar Mountain Advisors LLC boosted its position in GE Vernova by 102.6% during the 4th quarter. Cedar Mountain Advisors LLC now owns 77 shares of the company's stock worth $25,000 after purchasing an additional 39 shares during the period. MRP Capital Investments LLC purchased a new stake in shares of GE Vernova during the 4th quarter valued at about $25,000. Fairway Wealth LLC lifted its position in GE Vernova by 220.0% during the 4th quarter. Fairway Wealth LLC now owns 80 shares of the company's stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Pineridge Advisors LLC grew its position in GE Vernova by 530.8% in the fourth quarter. Pineridge Advisors LLC now owns 82 shares of the company's stock valued at $27,000 after acquiring an additional 69 shares in the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new stake in shares of GE Vernova during the fourth quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

GEV has been the subject of a number of recent analyst reports. TD Cowen lowered their price target on shares of GE Vernova from $405.00 to $390.00 and set a "buy" rating for the company in a report on Thursday. Baird R W raised GE Vernova to a "strong-buy" rating in a research report on Thursday, February 13th. The Goldman Sachs Group increased their price target on GE Vernova from $446.00 to $500.00 and gave the company a "buy" rating in a report on Friday, January 24th. Royal Bank of Canada reduced their target price on GE Vernova from $453.00 to $445.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Finally, Citigroup cut their price target on shares of GE Vernova from $437.00 to $354.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $369.22.

GE Vernova Price Performance

Shares of NYSE GEV traded up $12.13 during midday trading on Friday, hitting $372.62. 3,956,642 shares of the company's stock were exchanged, compared to its average volume of 4,187,958. GE Vernova Inc. has a twelve month low of $149.42 and a twelve month high of $447.50. The firm has a market cap of $101.85 billion and a P/E ratio of 67.02. The stock's 50 day moving average price is $318.90 and its 200-day moving average price is $331.69.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.46. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.56 billion. GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. During the same quarter in the previous year, the firm posted ($0.47) EPS. On average, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. GE Vernova's dividend payout ratio is presently 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.