TD Asset Management Inc Has $493.46 Million Stake in GE Vernova Inc. $GEV

TD Asset Management Inc decreased its position in GE Vernova Inc. (NYSE:GEV) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 755,019 shares of the company’s stock after selling 46,064 shares during the quarter. TD Asset Management Inc’s holdings in GE Vernova were worth $493,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. grew its position in GE Vernova by 25.3% during the third quarter. J.W. Cole Advisors Inc. now owns 16,247 shares of the company’s stock worth $9,990,000 after buying an additional 3,278 shares in the last quarter. US Bancorp DE grew its position in GE Vernova by 2.2% during the third quarter. US Bancorp DE now owns 100,542 shares of the company’s stock worth $61,824,000 after buying an additional 2,163 shares in the last quarter. Vanguard Group Inc. grew its position in GE Vernova by 0.6% during the third quarter. Vanguard Group Inc. now owns 24,815,463 shares of the company’s stock worth $15,259,028,000 after buying an additional 150,892 shares in the last quarter. Varenne Capital Partners acquired a new stake in GE Vernova during the third quarter worth approximately $4,872,000. Finally, Merit Financial Group LLC grew its position in GE Vernova by 17.4% during the fourth quarter. Merit Financial Group LLC now owns 15,080 shares of the company’s stock worth $9,856,000 after buying an additional 2,230 shares in the last quarter.

Insiders Place Their Bets

In other news, CAO Matthew Joseph Potvin sold 2,333 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the completion of the transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at approximately $3,758,710.41. This represents a 39.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the completion of the transaction, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. The trade was a 72.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GEV shares. Wells Fargo & Company increased their price target on GE Vernova from $831.00 to $896.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. The Goldman Sachs Group reissued a “buy” rating and set a $1,328.00 price target on shares of GE Vernova in a research report on Friday, April 24th. Erste Group Bank raised GE Vernova to a “strong-buy” rating in a research report on Tuesday, March 24th. Susquehanna set a $1,300.00 target price on GE Vernova in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. upped their target price on GE Vernova from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,090.76.

GE Vernova Stock Down 1.1%

NYSE GEV opened at $959.30 on Thursday. The business has a fifty day moving average price of $1,002.41 and a two-hundred day moving average price of $816.16. 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 $458.65 and a fifty-two week high of $1,181.95. The stock has a market capitalization of $257.78 billion, a PE ratio of 27.94, a PEG ratio of 3.63 and a beta of 1.23.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, topping 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 firm had revenue of $9.34 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts expect that GE Vernova Inc. will post 14.84 earnings per share for the current fiscal year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is presently 5.83%.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova is being highlighted as a beneficiary of the AI data-center buildout, with several recent articles pointing to stronger power demand, backlog growth, and more orders for gas turbines and grid-related equipment. Watch 3 AI-Powered Nuclear Energy OEMs Amid Double-Digit Price Upside
• Positive Sentiment: Analysts and market commentary continue to frame GEV as a long-term winner from global power demand, including a supply crunch in gas turbines that could support pricing and backlog. Can GE Vernova Benefit From the Global Gas Turbine Supply Crunch?
• Neutral Sentiment: Investors are paying close attention to GE Vernova after recent strong earnings, improving free cash flow, and a new acquisition tied to automation, but the company still faces wind, grid, tariff, and regulatory headwinds. Can GE Vernova (GEV) Power AI Data Center Demand While Managing Wind and Grid Headwinds?
• Neutral Sentiment: The stock is also getting extra attention from traders and investors on Zacks due to its recent momentum and visibility, which can increase volatility without changing the fundamental outlook by itself. GE Vernova Inc. (GEV) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: CEO Victor Abate sold 4,819 shares in a disclosed SEC filing, a transaction that can raise caution among investors even though it represents a small part of the company overall. SEC Form 4 filing
• Negative Sentiment: Mizuho Securities reportedly initiated or reiterated coverage with a Hold rating, which may be limiting enthusiasm and contributing to the stock’s softness. GE Vernova Inc. (GEV) Gets a Hold from Mizuho Securities

GE Vernova Profile

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.