Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 755.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,600 shares of the company's stock after acquiring an additional 102,080 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in NuScale Power were worth $2,255,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp raised its stake in NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after purchasing an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power during the 3rd quarter valued at approximately $44,000. US Bancorp DE acquired a new position in NuScale Power in the third quarter valued at approximately $54,000. CWM LLC lifted its holdings in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company's stock valued at $61,000 after acquiring an additional 5,191 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in NuScale Power in the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 78.37% of the company's stock.
Insiders Place Their Bets
In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.96% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Craig Hallum increased their price target on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.42.
Check Out Our Latest Stock Analysis on NuScale Power
NuScale Power Trading Down 6.5 %
SMR traded down $1.72 during mid-day trading on Thursday, hitting $24.69. 12,939,718 shares of the stock were exchanged, compared to its average volume of 12,572,974. The firm's fifty day moving average is $22.11 and its two-hundred day moving average is $17.50. NuScale Power Co. has a 1-year low of $2.47 and a 1-year high of $32.30. The company has a market cap of $6.30 billion, a PE ratio of -25.98 and a beta of 1.51. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.
NuScale Power Company Profile
(
Free Report)
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.
Featured Stories
Before you consider NuScale Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NuScale Power wasn't on the list.
While NuScale Power currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
