Barclays PLC boosted its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 472.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,791 shares of the company's stock after buying an additional 124,441 shares during the period. Barclays PLC owned 0.06% of NuScale Power worth $1,746,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of SMR. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power during the 3rd quarter worth approximately $44,000. US Bancorp DE acquired a new position in shares of NuScale Power during the third quarter worth $54,000. CWM LLC lifted its holdings in shares of NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company's stock valued at $61,000 after purchasing an additional 5,191 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of NuScale Power in the 2nd quarter worth $64,000. Finally, Quest Partners LLC purchased a new position in NuScale Power during the 2nd quarter worth $115,000. Institutional investors own 78.37% of the company's stock.
Insider Activity at NuScale Power
In related news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert K. Temple sold 68,558 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $13.02, for a total value of $892,625.16. Following the transaction, the insider now owns 14,054 shares in the company, valued at $182,983.08. This represents a 82.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,610 shares of company stock worth $3,528,780. 1.96% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
SMR has been the subject of several recent analyst reports. Craig Hallum raised their price target on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. CLSA assumed coverage on NuScale Power in a research report on Friday, September 13th. They issued an "outperform" rating and a $11.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, NuScale Power has a consensus rating of "Moderate Buy" and a consensus price target of $10.39.
Get Our Latest Report on NuScale Power
NuScale Power Stock Performance
NYSE SMR traded down $2.31 on Friday, reaching $19.51. 9,922,374 shares of the company's stock traded hands, compared to its average volume of 6,578,640. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of -20.54 and a beta of 1.33. The stock has a 50 day moving average price of $22.77 and a 200-day moving average price of $14.93. 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 $1.88 and a fifty-two week high of $32.30.
About NuScale Power
(
Free Report)
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.
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