GE Vernova Inc. to Issue Quarterly Dividend of $0.25 (NYSE:GEV)

GE Vernova Inc. (NYSE:GEV) announced a quarterly dividend on Tuesday, April 8th, RTT News reports. Stockholders of record on Friday, April 18th will be paid a dividend of 0.25 per share on Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $326.74 on Thursday. GE Vernova has a 1 year low of $128.25 and a 1 year high of $447.50. The company has a market cap of $89.31 billion and a P/E ratio of 58.77. The stock’s fifty day moving average price is $328.44 and its 200-day moving average price is $326.80.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.57). GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.70 billion. GE Vernova’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that GE Vernova will post 6.59 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GE Vernova stock. Brighton Jones LLC lifted its position in shares of GE Vernova Inc. (NYSE:GEV) by 29.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,315 shares of the company’s stock after purchasing an additional 753 shares during the quarter. Brighton Jones LLC’s holdings in GE Vernova were worth $1,091,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

GEV has been the topic of a number of recent analyst reports. Marathon Capitl upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their target price on GE Vernova from $385.00 to $411.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Susquehanna initiated coverage on shares of GE Vernova in a report on Wednesday, April 2nd. They issued a “positive” rating and a $370.00 price objective on the stock. Truist Financial set a $440.00 price target on shares of GE Vernova in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lifted their price objective on GE Vernova from $374.00 to $436.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus price target of $349.20.

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.