GE Vernova (NYSE:GEV - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $2.30 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.
GE Vernova Stock Up 2.8 %
Shares of NYSE GEV traded up $10.84 during midday trading on Monday, reaching $401.84. 2,360,990 shares of the stock traded hands, compared to its average volume of 2,430,212. The company's 50 day moving average is $344.59 and its 200 day moving average is $265.01. GE Vernova has a one year low of $115.00 and a one year high of $404.13.
GE Vernova Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Friday, December 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 0.25%.
GE Vernova announced that its board has initiated a stock repurchase plan on Tuesday, December 10th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
Several research analysts have commented on the stock. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a research note on Wednesday, December 11th. Citigroup upped their price target on shares of GE Vernova from $292.00 to $361.00 and gave the company a "neutral" rating in a report on Monday, December 9th. Guggenheim reduced their price objective on shares of GE Vernova from $400.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Jefferies Financial Group boosted their target price on GE Vernova from $348.00 to $391.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Wolfe Research assumed coverage on GE Vernova in a report on Wednesday, December 4th. They issued an "outperform" rating and a $403.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $321.35.
View Our Latest Research Report on GE Vernova
About GE Vernova
(
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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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