Severn Trent (GB:SVT) has released an update.
Severn Trent PLC has announced that investment management firm BlackRock, Inc. has altered its stake in the company, crossing a significant threshold on May 30, 2024. BlackRock now holds 7.62% of the voting rights, a slight increase from their previous notification. This change in shareholding composition could signal BlackRock’s increased confidence in Severn Trent’s business prospects.
For further insights into GB:SVT stock, check out TipRanks’ Stock Analysis page.
