GE Vernova Inc. $GEV Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its position in shares of GE Vernova Inc. (NYSE:GEV) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,574 shares of the company’s stock after selling 2,764 shares during the period. TD Private Client Wealth LLC’s holdings in GE Vernova were worth $3,643,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GEV. Jackson Grant Investment Advisers Inc. increased its stake in GE Vernova by 344.4% in the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in GE Vernova in the 3rd quarter worth about $25,000. Torren Management LLC purchased a new position in GE Vernova in the 4th quarter worth about $26,000. ORG Wealth Partners LLC increased its stake in GE Vernova by 241.7% in the 4th quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock worth $27,000 after purchasing an additional 29 shares in the last quarter. Finally, Navalign LLC purchased a new position in GE Vernova in the 4th quarter worth about $27,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GEV. Barclays lifted their price target on GE Vernova from $993.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Weiss Ratings raised GE Vernova from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Argus set a $1,300.00 price target on GE Vernova in a research note on Monday, April 27th. Erste Group Bank raised GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Wall Street Zen raised GE Vernova from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, GE Vernova currently has an average rating of “Moderate Buy” and a consensus target price of $1,090.76.

GE Vernova Trading Down 3.4%

NYSE:GEV opened at $1,013.61 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. GE Vernova Inc. has a fifty-two week low of $421.64 and a fifty-two week high of $1,181.95. The stock’s 50-day moving average is $961.74 and its two-hundred day moving average is $779.07. The stock has a market cap of $272.38 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.93 and a beta of 1.51.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The company had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total transaction of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares of the company’s stock, valued at $3,758,710.41. The trade was a 39.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

About GE Vernova

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.