GE Vernova (GEV) to Post Earnings on Wednesday

GE Vernova (NYSE:GEV) will likely be releasing its earnings data before the market opens on Wednesday, January 22nd. Analysts expect GE Vernova to post earnings of $2.30 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

GE Vernova Price Performance

NYSE:GEV opened at $401.84 on Tuesday. The company’s 50 day moving average is $344.59 and its 200-day moving average is $265.01. GE Vernova has a 12 month low of $115.00 and a 12 month high of $404.13.

GE Vernova Dividend Announcement

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Friday, December 20th.

GE Vernova declared that its board has authorized a stock repurchase program on Tuesday, December 10th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of GE Vernova in a report on Wednesday, December 11th. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $376.00 target price on shares of GE Vernova in a research note on Wednesday, December 11th. The Goldman Sachs Group upped their price target on GE Vernova from $400.00 to $446.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, HSBC reissued 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 analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $321.35.

GE Vernova Company Profile

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.