Barclays PLC Has $1.75 Million Stock Position in NuScale Power Co. (NYSE:SMR)

Barclays PLC raised its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 472.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 150,791 shares of the company's stock after buying an additional 124,441 shares during the quarter. Barclays PLC owned approximately 0.06% of NuScale Power worth $1,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power in the 3rd quarter valued at approximately $44,000. US Bancorp DE bought a new stake in shares of NuScale Power during the third quarter valued at about $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 worth $61,000 after purchasing an additional 5,191 shares during the period. Quest Partners LLC bought a new position in NuScale Power in the 2nd quarter valued at about $115,000. Finally, Victory Capital Management Inc. acquired a new position in NuScale Power during the 3rd quarter valued at about $116,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Insider Activity at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the completion of the transaction, the insider now directly owns 14,054 shares in the company, valued at $255,782.80. This represents a 89.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 798,620 shares of company stock valued at $14,624,962 over the last ninety days. Insiders own 1.96% of the company's stock.

NuScale Power Price Performance

NYSE SMR traded up $0.36 on Friday, reaching $20.04. The company's stock had a trading volume of 7,160,419 shares, compared to its average volume of 10,051,945. The firm's 50 day moving average is $22.85 and its two-hundred day moving average is $15.69. The stock has a market cap of $5.12 billion, a PE ratio of -21.09 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a twelve month low of $1.88 and a twelve month high of $32.30.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their price target on shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat, NuScale Power presently has an average rating of "Moderate Buy" and an average target price of $10.39.

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.