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 dividend on an annualized basis and a yield of 0.31%.

GE Vernova Stock Performance

Shares of GEV stock traded down $7.86 during mid-day trading on Tuesday, reaching $327.39. 3,373,175 shares of the stock traded hands, compared to its average volume of 3,434,875. The stock’s fifty day simple moving average is $306.45 and its two-hundred day simple moving average is $228.84. GE Vernova has a 1-year low of $115.00 and a 1-year high of $357.09.

Analysts Set New Price Targets

GEV has been the topic of several recent research reports. Barclays lifted their target price on shares of GE Vernova from $320.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company assumed coverage on shares of GE Vernova in a research note on Thursday, November 21st. They issued an “overweight” rating and a $385.00 price objective on the stock. TD Cowen initiated coverage on GE Vernova in a research report on Thursday, December 5th. They set a “buy” rating and a $400.00 target price for the company. JPMorgan Chase & Co. upped their price target on GE Vernova from $330.00 to $356.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.