Fmr LLC Has $9.04 Million Holdings in NuScale Power Co. (NYSE:SMR)

FMR LLC trimmed its position in NuScale Power Co. (NYSE:SMR - Free Report) by 73.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 780,918 shares of the company's stock after selling 2,148,092 shares during the quarter. FMR LLC owned approximately 0.31% of NuScale Power worth $9,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock valued at $7,843,000 after acquiring an additional 460,487 shares during the last quarter. Intech Investment Management LLC acquired a new position in NuScale Power during the 3rd quarter valued at approximately $175,000. Quest Partners LLC boosted its position in NuScale Power by 52.4% during the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company's stock valued at $173,000 after purchasing an additional 5,142 shares during the period. Victory Capital Management Inc. acquired a new position in NuScale Power during the 3rd quarter valued at approximately $116,000. Finally, Entropy Technologies LP acquired a new position in NuScale Power during the 3rd quarter valued at approximately $138,000. 15.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SMR. CLSA began coverage on NuScale Power in a research report on Friday, September 13th. They set an "outperform" rating and a $11.00 price objective for the company. Craig Hallum boosted their price target on 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 issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.39.

NuScale Power Price Performance

SMR stock traded down $0.74 during trading hours on Thursday, hitting $21.66. 9,507,048 shares of the stock traded hands, compared to its average volume of 6,493,099. The stock has a 50-day simple moving average of $21.24 and a 200 day simple moving average of $13.89. NuScale Power Co. has a one year low of $1.88 and a one year high of $32.30. The company has a market cap of $5.53 billion, a P/E ratio of -25.22 and a beta of 1.33. 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 Activity at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of the company's stock in a transaction on Friday, November 29th. The stock was 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert K. Temple sold 5,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $9.57, for a total value of $47,850.00. Following the sale, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $134,496.78. This represents a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,237 shares of company stock valued at $6,053,065 over the last 90 days. 1.96% of the stock is currently owned by corporate insiders.

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.