New York State Common Retirement Fund lowered its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 19.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 337,821 shares of the company’s stock after selling 80,941 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of GE Vernova worth $86,138,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Aspire Private Capital LLC acquired a new position in shares of GE Vernova in the second quarter valued at approximately $40,000. Legal & General Group Plc acquired a new position in GE Vernova in the 2nd quarter valued at $293,699,000. Central Pacific Bank Trust Division raised its position in GE Vernova by 1,242.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,350 shares of the company’s stock worth $599,000 after buying an additional 2,175 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its stake in shares of GE Vernova by 75.6% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 4,958 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,134 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of GE Vernova in the third quarter valued at about $2,042,000.
GE Vernova Price Performance
Shares of GEV stock opened at $301.09 on Friday. The firm has a 50-day moving average price of $246.45 and a 200 day moving average price of $195.53. GE Vernova Inc. has a twelve month low of $115.00 and a twelve month high of $311.58.
Wall Street Analysts Forecast Growth
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GE Vernova 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.
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