Charles Schwab Investment Management Inc. Grows Stock Position in NuScale Power Co. (NYSE:SMR)

Charles Schwab Investment Management Inc. lifted its holdings in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 212.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 677,248 shares of the company's stock after purchasing an additional 460,487 shares during the period. Charles Schwab Investment Management Inc. owned about 0.27% of NuScale Power worth $7,843,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SMR. US Bancorp DE purchased a new position in NuScale Power in the 3rd quarter worth $54,000. CWM LLC increased its holdings in shares of NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after buying an additional 5,191 shares during the period. International Assets Investment Management LLC purchased a new position in NuScale Power in the 2nd quarter worth approximately $64,000. TFC Financial Management Inc. purchased a new position in NuScale Power in the 2nd quarter worth approximately $75,000. Finally, Price T Rowe Associates Inc. MD increased its stake in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock worth $106,000 after purchasing an additional 4,014 shares during the period. Hedge funds and other institutional investors own 15.28% of the company's stock.

NuScale Power Trading Up 1.2 %

SMR stock traded up $0.26 during trading on Wednesday, reaching $22.40. The company had a trading volume of 9,459,438 shares, compared to its average volume of 6,482,839. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a 52 week low of $1.88 and a 52 week high of $32.30. The business has a 50 day moving average of $21.04 and a 200 day moving average of $13.83. The company has a market cap of $5.72 billion, a P/E ratio of -21.78 and a beta of 1.33.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 18,186 shares of the business's stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert K. Temple sold 5,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $134,496.78. This trade represents a 26.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,237 shares of company stock worth $6,053,065 over the last three months. Company insiders own 1.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on SMR shares. CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They issued an "outperform" rating and a $11.00 target price on the stock. Craig Hallum boosted their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $10.39.

About NuScale Power

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.