GE Vernova Inc. (NYSE:GEV – Get Free Report) declared a quarterly dividend on Wednesday, September 30th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.50 per share on Tuesday, November 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th.
GE Vernova Stock Performance
Shares of GE Vernova stock opened at $949.53 on Thursday. The firm’s fifty day simple moving average is $965.01 and its 200-day simple moving average is $992.01. The stock has a market capitalization of $252.89 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 4.47 and a beta of 1.15. GE Vernova has a 12 month low of $530.16 and a 12 month high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.
GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, equities analysts forecast that GE Vernova will post 15.36 earnings per share for the current year.
GE Vernova Company Profile
GE Vernova Inc (NYSE: GEV) is an energy technology company formed through the separation of General Electric’s energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.
GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.
The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.
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