LPL Financial LLC Purchases 82,363 Shares of NuScale Power Co. (NYSE:SMR)

LPL Financial LLC grew its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 69.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 201,296 shares of the company's stock after acquiring an additional 82,363 shares during the period. LPL Financial LLC owned about 0.08% of NuScale Power worth $3,609,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of NuScale Power during the 4th quarter valued at $384,000. Sei Investments Co. bought a new stake in NuScale Power during the fourth quarter valued at about $552,000. Virtu Financial LLC acquired a new stake in shares of NuScale Power in the fourth quarter valued at about $986,000. Teacher Retirement System of Texas acquired a new position in shares of NuScale Power during the 4th quarter worth about $674,000. Finally, Privium Fund Management B.V. acquired a new stake in NuScale Power in the 4th quarter valued at approximately $6,455,000. 78.37% of the stock is owned by institutional investors.

NuScale Power Price Performance

NuScale Power stock traded up $0.13 during mid-day trading on Monday, reaching $15.28. 620,839 shares of the company were exchanged, compared to its average volume of 8,181,703. The firm has a market cap of $4.31 billion, a PE ratio of -15.87 and a beta of 1.64. 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 company has a fifty day simple moving average of $18.11 and a 200-day simple moving average of $19.92. NuScale Power Co. has a 12 month low of $4.61 and a 12 month high of $32.30.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts have commented on SMR shares. UBS Group cut their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. BTIG Research assumed coverage on shares of NuScale Power in a research note on Friday. They issued a "buy" rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.60.

Insider Buying and Selling

In other NuScale Power news, 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 transaction of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares of the company's stock, valued at approximately $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer now owns 516,207 shares in the company, valued at $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,114 shares of company stock valued at $1,351,231 over the last quarter. 1.96% of the stock is 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.