Point72 Asset Management L.P. decreased its stake in shares of GE Vernova Inc. (NYSE:GEV – Free Report) by 71.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 207,995 shares of the company’s stock after selling 517,255 shares during the period. Point72 Asset Management L.P. owned 0.08% of GE Vernova worth $53,035,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of GE Vernova by 2.5% in the third quarter. FMR LLC now owns 24,047,678 shares of the company’s stock valued at $6,131,677,000 after purchasing an additional 584,208 shares during the period. Mountaineer Partners Management LLC acquired a new position in shares of GE Vernova in the third quarter worth about $2,507,296,000. Newport Trust Company LLC acquired a new position in shares of GE Vernova in the second quarter worth about $650,140,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova in the second quarter worth about $537,674,000. Finally, WCM Investment Management LLC increased its holdings in GE Vernova by 83.1% in the third quarter. WCM Investment Management LLC now owns 2,560,248 shares of the company’s stock valued at $639,704,000 after buying an additional 1,161,901 shares during the last quarter.
GE Vernova Price Performance
NYSE GEV opened at $343.91 on Thursday. The company’s 50 day moving average is $300.97 and its 200-day moving average is $224.59. GE Vernova Inc. has a 12-month low of $115.00 and a 12-month high of $357.09.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on GEV
About GE Vernova
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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