Geode Capital Management LLC Has $21.19 Million Position in NuScale Power Co. (NYSE:SMR)

Geode Capital Management LLC lifted its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 21.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,829,843 shares of the company's stock after buying an additional 317,285 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of NuScale Power worth $21,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Catalina Capital Group LLC lifted its position in shares of NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock worth $146,000 after buying an additional 809 shares during the last quarter. HighTower Advisors LLC lifted its holdings in NuScale Power by 7.3% in the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock worth $140,000 after acquiring an additional 820 shares during the last quarter. Indie Asset Partners LLC boosted its stake in NuScale Power by 7.1% in the third quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock valued at $218,000 after acquiring an additional 1,250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power during the third quarter valued at approximately $44,000. Finally, US Bancorp DE acquired a new stake in shares of NuScale Power during the 3rd quarter worth approximately $54,000. Institutional investors own 78.37% of the company's stock.

Analysts Set New Price Targets

SMR has been the topic of several recent analyst reports. CLSA assumed coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an "outperform" rating and a $11.00 price objective for the company. Craig Hallum boosted their price objective on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NuScale Power presently has an average rating of "Moderate Buy" and an average target price of $10.39.

Insider Buying and Selling

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction that occurred 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 sale, the vice president now directly owns 3,801 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, insider Robert K. Temple sold 68,558 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $13.02, for a total value of $892,625.16. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $182,983.08. The trade was a 82.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,610 shares of company stock valued at $3,528,780. 1.96% of the stock is owned by company insiders.

NuScale Power Stock Down 10.6 %

Shares of SMR traded down $2.31 during mid-day trading on Friday, hitting $19.51. 9,922,374 shares of the company's stock were exchanged, compared to its average volume of 6,578,640. NuScale Power Co. has a twelve month low of $1.88 and a twelve month high of $32.30. The firm has a fifty day moving average of $22.77 and a two-hundred day moving average of $14.97. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of -20.54 and a beta of 1.33.

NuScale Power Company 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.