TD Private Client Wealth LLC Has $189,000 Holdings in GE Vernova Inc. (NYSE:GEV)

TD Private Client Wealth LLC increased its position in shares of GE Vernova Inc. (NYSE:GEV) by 8.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 740 shares of the company’s stock after acquiring an additional 60 shares during the period. TD Private Client Wealth LLC’s holdings in GE Vernova were worth $189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of GE Vernova during the second quarter worth about $1,245,000. Swedbank AB bought a new stake in GE Vernova during the 2nd quarter worth approximately $6,219,000. Brookstone Capital Management acquired a new position in GE Vernova in the 2nd quarter valued at approximately $629,000. Gradient Investments LLC bought a new position in shares of GE Vernova during the second quarter valued at $27,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of GE Vernova during the second quarter worth $104,273,000.

GE Vernova Stock Performance

NYSE GEV opened at $332.01 on Friday. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $357.09. The business has a 50 day moving average price of $312.53 and a 200-day moving average price of $232.84.

GE Vernova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 0.30%.

GE Vernova declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 10th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to repurchase up to 6.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on GE Vernova from $324.00 to $400.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial raised their price objective on GE Vernova from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on GE Vernova from $356.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday. Guggenheim lowered their price target on shares of GE Vernova from $400.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Barclays boosted their price target on shares of GE Vernova from $320.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $314.35.

GE Vernova 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.