GE Vernova Inc. (NYSE:GEV) Shareholders to Get $0.50 Quarterly Dividend

GE Vernova Inc. (NYSE:GEV) announced a quarterly dividend on Wednesday, September 30th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.50 per share on Tuesday, November 24th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th.

GE Vernova Trading Down 1.3%

Shares of GE Vernova stock opened at $949.53 on Thursday. GE Vernova has a 52-week low of $530.16 and a 52-week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $965.01 and its 200-day simple moving average is $992.01. The firm has a market cap of $252.89 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 4.47 and a beta of 1.15.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). The firm had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 earnings per share. As a group, equities research analysts anticipate that GE Vernova will post 15.36 earnings per share for the current year.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors have recently made changes to their positions in GEV. Auto Owners Insurance Co boosted its position in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock worth $2,278,224,000 after acquiring an additional 34,826,773 shares during the last quarter. BlackRock Inc. purchased a new position in GE Vernova during the second quarter worth about $25,569,630,000. Bank of America Corp DE acquired a new stake in GE Vernova in the 2nd quarter worth about $2,961,612,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova during the 2nd quarter valued at about $2,497,472,000. Finally, Jupiter Topco LLC acquired a new stake in shares of GE Vernova in the second quarter worth approximately $2,371,538,000.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company formed through the separation of General Electric’s energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.