GE Vernova Inc. (GEV) to Issue Quarterly Dividend of $0.50 on July 14th

GE Vernova Inc. (NYSE:GEV) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.50 per share on Tuesday, July 14th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, June 16th.

GE Vernova Stock Up 1.3%

Shares of NYSE:GEV opened at $1,024.61 on Thursday. The firm’s 50 day moving average price is $970.06 and its 200 day moving average price is $785.29. The stock has a market cap of $275.33 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 3.79 and a beta of 1.51. GE Vernova has a fifty-two week low of $446.50 and a fifty-two week high of $1,181.95. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 0.19.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share for the quarter, beating the consensus estimate of $1.95 by $15.49. The firm had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. As a group, equities research analysts predict that GE Vernova will post 14.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the transaction, the chief accounting officer directly owned 3,549 shares in the company, valued at $3,758,710.41. This trade represents a 39.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Onyx Bridge Wealth Group LLC grew its position in GE Vernova by 1.3% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 727 shares of the company’s stock valued at $635,000 after buying an additional 9 shares during the last quarter. Red Door Wealth Management LLC grew its position in GE Vernova by 0.6% in the 1st quarter. Red Door Wealth Management LLC now owns 1,774 shares of the company’s stock valued at $1,548,000 after buying an additional 10 shares during the last quarter. Advance Capital Management Inc. grew its position in GE Vernova by 2.2% in the 1st quarter. Advance Capital Management Inc. now owns 461 shares of the company’s stock valued at $402,000 after buying an additional 10 shares during the last quarter. Alpha Financial Partners LLC grew its position in GE Vernova by 2.0% in the 1st quarter. Alpha Financial Partners LLC now owns 514 shares of the company’s stock valued at $449,000 after buying an additional 10 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its position in GE Vernova by 5.2% in the 1st quarter. Bell Investment Advisors Inc now owns 221 shares of the company’s stock valued at $193,000 after buying an additional 11 shares during the last quarter.

About GE Vernova

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.