TD Waterhouse Canada Inc. Acquires 3,545 Shares of GE Vernova Inc. (NYSE:GEV)

TD Waterhouse Canada Inc. boosted its holdings in GE Vernova Inc. (NYSE:GEV) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,784 shares of the company’s stock after purchasing an additional 3,545 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in GE Vernova were worth $24,287,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GEV. Howard Capital Management Group LLC bought a new position in shares of GE Vernova during the third quarter worth $213,000. Virtu Financial LLC purchased a new stake in GE Vernova in the 3rd quarter worth $1,481,000. Westside Investment Management Inc. boosted its holdings in shares of GE Vernova by 24.0% during the 3rd quarter. Westside Investment Management Inc. now owns 362 shares of the company’s stock valued at $92,000 after purchasing an additional 70 shares during the last quarter. Fulcrum Equity Management purchased a new position in shares of GE Vernova during the third quarter valued at about $218,000. Finally, World Investment Advisors LLC increased its holdings in shares of GE Vernova by 41.4% in the third quarter. World Investment Advisors LLC now owns 2,876 shares of the company’s stock worth $733,000 after purchasing an additional 842 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Baird R W upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. Barclays reduced their price target on shares of GE Vernova from $487.00 to $427.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Citigroup dropped their price objective on shares of GE Vernova from $437.00 to $354.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Johnson Rice assumed coverage on shares of GE Vernova in a research report on Friday, February 7th. They set a “buy” rating and a $425.00 target price on the stock. Finally, Truist Financial set a $440.00 price target on GE Vernova in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

GE Vernova Price Performance

NYSE:GEV opened at $322.81 on Monday. The firm has a market cap of $88.24 billion and a PE ratio of 58.06. The company has a 50-day moving average of $321.67 and a 200 day moving average of $330.67. GE Vernova Inc. has a 1-year low of $132.11 and a 1-year high of $447.50.

GE Vernova (NYSE:GEV) last issued 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). The business had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.70 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 5.1% compared to the same quarter last year. Sell-side analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, April 17th. GE Vernova’s payout ratio is currently 17.99%.

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.