NuScale Power Co. (NYSE:SMR) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,747 shares of the company's stock after purchasing an additional 38,239 shares during the quarter. Bank of New York Mellon Corp owned about 0.10% of NuScale Power worth $4,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in NuScale Power by 21.0% in the third quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock worth $21,194,000 after acquiring an additional 317,285 shares in the last quarter. Van ECK Associates Corp boosted its holdings in NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after acquiring an additional 511,168 shares in the last quarter. State Street Corp lifted its holdings in shares of NuScale Power by 10.2% during the third quarter. State Street Corp now owns 1,674,995 shares of the company's stock worth $19,396,000 after purchasing an additional 154,368 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after purchasing an additional 460,487 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NuScale Power by 57.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock worth $4,074,000 after purchasing an additional 128,012 shares during the period. Institutional investors and hedge funds own 78.37% of the company's stock.

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Insider Buying and Selling at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares of the company's stock, valued at $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th.

NuScale Power Stock Performance

Shares of NuScale Power stock traded down $0.09 on Friday, reaching $18.11. 7,798,233 shares of the stock were exchanged, compared to its average volume of 8,197,412. The business has a 50 day moving average price of $20.68 and a two-hundred day moving average price of $19.15. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -19.06 and a beta of 1.58. NuScale Power Co. has a twelve month low of $0.13 and a twelve month high of $32.30.

NuScale Power Company 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.