54,254 Shares in NuScale Power Co. (NYSE:SMR) Acquired by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC purchased a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 54,254 shares of the company's stock, valued at approximately $973,000.

A number of other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC raised its stake in shares of NuScale Power by 125,230.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 12,533 shares of the company's stock valued at $225,000 after buying an additional 12,523 shares during the last quarter. MRA Advisory Group purchased a new position in NuScale Power during the fourth quarter valued at approximately $373,000. Harbour Capital Advisors LLC acquired a new position in NuScale Power in the fourth quarter valued at approximately $301,000. JPMorgan Chase & Co. increased its holdings in shares of NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock valued at $1,930,000 after purchasing an additional 111,812 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of NuScale Power in the 3rd quarter valued at $555,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Craig Hallum lifted their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $10.39.

NuScale Power Price Performance

SMR traded up $1.73 during midday trading on Friday, hitting $22.01. 11,071,596 shares of the company traded hands, compared to its average volume of 8,811,124. The business has a 50 day simple moving average of $22.82 and a two-hundred day simple moving average of $15.85. NuScale Power Co. has a 52-week low of $1.88 and a 52-week high of $32.30. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of -23.17 and a beta of 1.47. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In other news, VP Jacqueline F. Engel sold 18,186 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company's stock, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.96% of the company's stock.

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.