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

Key Points

• GE Vernova Inc. announced a quarterly dividend of $0.25 per share, payable on November 17th to shareholders on record as of October 20th, representing an annualized yield of 0.2%.
• The company's shares are currently trading at $606.80, having experienced a decline of 3.5%, with a market cap of $165.18 billion and a P/E ratio of 146.22.
• Analysts have a generally positive outlook, with four rating the stock as a Strong Buy and an average price target of $592.35, despite some downgrades from peers.

GE Vernova Inc. (NYSE:GEV - Get Free Report) declared a quarterly dividend on Thursday, September 25th, RTT News reports. Shareholders of record on Monday, October 20th will be given a dividend of 0.25 per share on Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 0.2%.

GE Vernova Trading Down 3.5%

Shares of NYSE:GEV traded down $22.17 on Thursday, hitting $606.80. The company had a trading volume of 3,200,460 shares, compared to its average volume of 2,754,745. GE Vernova has a 1-year low of $247.07 and a 1-year high of $677.29. The stock has a market cap of $165.18 billion, a price-to-earnings ratio of 146.22, a P/E/G ratio of 4.58 and a beta of 1.87. The stock has a 50 day moving average price of $622.39 and a 200 day moving average price of $486.60.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.78 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wolfe Research downgraded shares of GE Vernova from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Mizuho downgraded shares of GE Vernova from an "outperform" rating to a "neutral" rating and set a $670.00 price target on the stock. in a research note on Monday, July 28th. Morgan Stanley upped their price target on shares of GE Vernova from $511.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of GE Vernova in a research note on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $592.35.

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.

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