Teacher Retirement System of Texas Buys Shares of 37,602 NuScale Power Co. (NYSE:SMR)

Teacher Retirement System of Texas bought a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,602 shares of the company's stock, valued at approximately $674,000.

Several other hedge funds have also recently added to or reduced their stakes in SMR. Victory Capital Management Inc. acquired a new position in shares of NuScale Power in the 3rd quarter valued at about $116,000. Intech Investment Management LLC acquired a new position in NuScale Power in the third quarter valued at approximately $175,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after buying an additional 460,487 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NuScale Power during the 3rd quarter worth approximately $44,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NuScale Power by 57.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock valued at $4,074,000 after acquiring an additional 128,012 shares in the last quarter. Institutional investors own 78.37% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th.

Remove Ads

Insider Activity at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at $470,764.50. The trade was a 51.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

NuScale Power Stock Down 6.6 %

NuScale Power stock traded down $1.00 during mid-day trading on Thursday, reaching $14.11. The stock had a trading volume of 6,262,315 shares, compared to its average volume of 8,111,988. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a fifty-two week low of $4.61 and a fifty-two week high of $32.30. The stock's 50-day simple moving average is $19.49 and its 200-day simple moving average is $19.64. The firm has a market capitalization of $3.99 billion, a PE ratio of -14.85 and a beta of 1.58.

NuScale Power Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.