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

GE Vernova Inc. (NYSE:GEV - Get Free Report) 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 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, April 17th.

GE Vernova Trading Up 3.6 %

Shares of GE Vernova stock traded up $11.04 on Friday, reaching $320.99. 2,799,595 shares of the stock were exchanged, compared to its average volume of 3,407,637. The firm has a market capitalization of $87.74 billion and a PE ratio of 57.73. GE Vernova has a 1-year low of $128.25 and a 1-year high of $447.50. The business has a fifty day moving average price of $326.73 and a two-hundred day moving average price of $327.64.

GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.73 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.57). GE Vernova had a return on equity of 6.70% and a net margin of 4.44%. The company had revenue of $10.56 billion for the quarter, compared to analysts' expectations of $10.70 billion. The business's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts expect that GE Vernova will post 6.59 EPS for the current year.

Institutional Investors Weigh In On GE Vernova

An institutional investor recently raised its position in GE Vernova stock. Brighton Jones LLC raised its stake in GE Vernova Inc. (NYSE:GEV - Free Report) by 29.4% during the 4th quarter, according to its most recent Form 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 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GEV shares. Jefferies Financial Group boosted their price target on GE Vernova from $391.00 to $413.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Guggenheim upgraded GE Vernova from a "neutral" rating to a "buy" rating and set a $380.00 target price on the stock in a research report on Wednesday, March 5th. CICC Research started coverage on GE Vernova in a research report on Wednesday, February 19th. They issued an "outperform" rating for the company. Citigroup boosted their price objective on shares of GE Vernova from $361.00 to $437.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, Baird R W upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $348.80.

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.