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

GE Vernova Inc. (NYSE:GEV) declared a quarterly dividend on Tuesday, December 10th,RTT News reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.25 per share on Tuesday, January 28th. This represents a $1.00 annualized dividend and a yield of 0.31%.

GE Vernova Stock Performance

Shares of NYSE GEV traded down $7.86 during trading on Tuesday, hitting $327.39. The stock had a trading volume of 3,373,175 shares, compared to its average volume of 3,434,875. The firm has a fifty day moving average of $306.45 and a two-hundred day moving average of $228.84. GE Vernova has a 12 month low of $115.00 and a 12 month high of $357.09.

Analyst Ratings Changes

Several research firms have commented on GEV. Oppenheimer started coverage on shares of GE Vernova in a research note on Thursday, September 26th. They issued a “market perform” rating for the company. Barclays increased their price target on GE Vernova from $320.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Evercore ISI upped their price objective on GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of GE Vernova from $330.00 to $356.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, HSBC restated a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $304.73.

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.