NuScale Power Co. (NYSE:SMR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,965,456 shares of the company's stock after acquiring an additional 135,613 shares during the period. Geode Capital Management LLC owned about 0.77% of NuScale Power worth $35,249,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new stake in NuScale Power during the 4th quarter valued at $22,823,000. Vanguard Group Inc. raised its holdings in shares of NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Van ECK Associates Corp lifted its stake in NuScale Power by 41.4% in 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 period. Privium Fund Management B.V. bought a new position in NuScale Power during the 4th quarter worth about $6,455,000. Finally, Exchange Traded Concepts LLC increased its position in NuScale Power by 291.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 292,833 shares of the company's stock valued at $5,250,000 after purchasing an additional 217,998 shares during the period. Hedge funds and other institutional investors own 78.37% of the company's stock.

Insider Activity at NuScale Power

In other news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % 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 company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,114 shares of company stock valued at $1,351,231 in the last ninety days. Corporate insiders own 1.96% of the company's stock.

NuScale Power Stock Up 0.8 %

Shares of SMR stock traded up $0.11 during trading hours on Friday, reaching $14.61. 4,114,985 shares of the company's stock were exchanged, compared to its average volume of 8,239,175. 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 company has a market cap of $4.13 billion, a price-to-earnings ratio of -15.38 and a beta of 1.64. NuScale Power Co. has a fifty-two week low of $4.61 and a fifty-two week high of $32.30. The stock's 50 day moving average is $17.06 and its 200-day moving average is $19.91.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SMR shares. BTIG Research assumed coverage on shares of NuScale Power in a report on Friday, April 11th. They set a "buy" rating and a $20.00 price objective on the stock. UBS Group cut their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, NuScale Power currently has an average rating of "Moderate Buy" and an average price target of $16.60.

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.