GE Vernova Inc. (NYSE:GEV) Announces $0.50 Quarterly Dividend

GE Vernova Inc. (NYSE:GEV) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.50 per share on Tuesday, April 14th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 17th.

GE Vernova Stock Performance

Shares of GEV traded up $5.65 during mid-day trading on Wednesday, hitting $824.80. The company’s stock had a trading volume of 659,586 shares, compared to its average volume of 3,169,636. GE Vernova has a one year low of $252.25 and a one year high of $846.00. The firm has a market capitalization of $222.31 billion, a PE ratio of 46.11, a price-to-earnings-growth ratio of 3.19 and a beta of 1.67. The stock’s 50-day moving average is $697.31 and its two-hundred day moving average is $637.51.

GE Vernova (NYSE:GEV) last announced its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40. The business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. GE Vernova’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Analysts expect that GE Vernova will post 6.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GEV shares. China Renaissance upgraded shares of GE Vernova to a “strong-buy” rating in a report on Thursday, January 29th. William Blair reissued an “outperform” rating on shares of GE Vernova in a research report on Wednesday, December 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $930.00 price target on shares of GE Vernova in a report on Thursday, January 29th. Barclays reiterated an “overweight” rating and issued a $849.00 price objective on shares of GE Vernova in a research report on Monday, February 2nd. Finally, Mizuho set a $714.00 price objective on GE Vernova in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $788.24.

GE Vernova Company 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.