KLP Kapitalforvaltning AS Invests $384,000 in NuScale Power Co. (NYSE:SMR)

KLP Kapitalforvaltning AS purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,400 shares of the company's stock, valued at approximately $384,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SMR. Venturi Wealth Management LLC raised its holdings in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after acquiring an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its position in NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new stake in NuScale Power in the 4th quarter worth approximately $42,000. Amalgamated Bank grew its stake in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in NuScale Power by 2,980.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after acquiring an additional 3,576 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Trading Down 1.9 %

Shares of SMR traded down $0.27 during mid-day trading on Tuesday, hitting $13.83. 8,007,301 shares of the company's stock traded hands, compared to its average volume of 8,139,214. The business's 50-day moving average price is $18.75 and its 200-day moving average price is $19.82. NuScale Power Co. has a 1 year low of $4.61 and a 1 year high of $32.30. The firm has a market capitalization of $3.91 billion, a P/E ratio of -14.56 and a beta of 1.64. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

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Analysts Set New Price Targets

Separately, UBS Group decreased their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th.

Insider Buying and Selling at NuScale Power

In related news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares of the company's stock, valued at $7,810,211.91. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm'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 transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at $470,764.50. This represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,114 shares of company stock valued at $1,351,231. 1.96% of the stock is currently owned by company insiders.

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.