Clear Creek Financial Management LLC Purchases 10,830 Shares of NuScale Power Co. (NYSE:SMR)

Clear Creek Financial Management LLC grew its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 93.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,442 shares of the company's stock after purchasing an additional 10,830 shares during the period. Clear Creek Financial Management LLC's holdings in NuScale Power were worth $402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of NuScale Power by 21.0% during the 3rd 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 during the period. State Street Corp boosted its position 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 valued at $19,396,000 after purchasing an additional 154,368 shares in the last quarter. Van ECK Associates Corp grew its stake in NuScale Power by 90.0% in the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock worth $14,307,000 after purchasing an additional 585,292 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in NuScale Power by 212.4% in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 valued at $4,074,000 after buying an additional 128,012 shares during the period. Hedge funds and other institutional investors own 78.37% of the company's stock.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on 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 sale, the chief executive officer now owns 34,675 shares of the company's stock, valued at $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 Stock Down 5.2 %

NuScale Power stock traded down $1.29 during mid-day trading on Thursday, hitting $23.27. The company had a trading volume of 10,179,987 shares, compared to its average volume of 12,475,720. NuScale Power Co. has a 12 month low of $2.45 and a 12 month high of $32.30. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock's 50 day moving average price is $22.13 and its two-hundred day moving average price is $16.98. The company has a market capitalization of $5.94 billion, a PE ratio of -24.49 and a beta of 1.51.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $0.48 million for the quarter, compared to analysts' expectations of $6.18 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. During the same period last year, the company posted ($0.26) earnings per share.

Analyst Ratings Changes

Separately, Craig Hallum upped their target price on shares of NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $11.42.

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.