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

GE Vernova Inc. (NYSE:GEV) declared a quarterly dividend on Tuesday, April 8th, RTT News reports. Shareholders 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 yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th.

GE Vernova Stock Up 0.1 %

GE Vernova stock opened at $321.84 on Tuesday. The company has a fifty day simple moving average of $325.81 and a 200-day simple moving average of $328.68. The firm has a market capitalization of $87.97 billion and a price-to-earnings ratio of 57.88. GE Vernova has a 52-week low of $128.25 and a 52-week high of $447.50.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $10.70 billion. The firm’s revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that GE Vernova will post 6.59 EPS for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

A hedge fund recently raised its stake in GE Vernova stock. Brighton Jones LLC increased its stake in GE Vernova Inc. (NYSE:GEV) by 29.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Analysts Set New Price Targets

Several research firms recently commented on GEV. New Street Research set a $380.00 price target on GE Vernova in a report on Wednesday, March 5th. Barclays cut their target price on GE Vernova from $487.00 to $427.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Baird R W upgraded GE Vernova to a “strong-buy” rating in a report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of GE Vernova in a report on Thursday, January 23rd. Finally, Bank of America lifted their target price on shares of GE Vernova from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $345.84.

GE Vernova Company 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.