EVR Research LP acquired a new stake in NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the company's stock, valued at approximately $896,000.
Several other large investors have also modified their holdings of SMR. Vanguard Group Inc. lifted its stake in shares of NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares during the period. Geode Capital Management LLC increased its position in shares of NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock valued at $35,249,000 after buying an additional 135,613 shares in the last quarter. Van ECK Associates Corp raised its position in NuScale Power by 41.4% during 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 during the last quarter. State Street Corp raised its position in shares of NuScale Power by 10.2% during the 3rd 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 last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in NuScale Power in the 4th quarter valued at about $22,823,000. 78.37% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief technology officer now owns 516,207 shares of the company's stock, valued at approximately $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the business's stock in a transaction 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 transaction, the chief financial officer now owns 29,985 shares of the company's stock, valued at $470,764.50. This trade represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,114 shares of company stock valued at $1,351,231 in the last quarter. Insiders own 1.96% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on SMR shares. BTIG Research assumed coverage on NuScale Power in a report on Friday. They issued a "buy" rating and a $20.00 price target for the company. UBS Group lowered their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.60.
Read Our Latest Research Report on SMR
NuScale Power Stock Up 0.6 %
Shares of NYSE:SMR traded up $0.09 during midday trading on Monday, reaching $15.24. The company had a trading volume of 4,310,525 shares, compared to its average volume of 8,194,940. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $4.30 billion, a P/E ratio of -16.04 and a beta of 1.64. NuScale Power Co. has a one year low of $4.61 and a one year high of $32.30. The stock's fifty day moving average price is $18.11 and its 200-day moving average price is $19.92.
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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