NuScale Power Co. (NYSE:SMR) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its holdings in NuScale Power Co. (NYSE:SMR - Free Report) by 105.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,900 shares of the company's stock after acquiring an additional 30,217 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in NuScale Power were worth $1,056,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. HighTower Advisors LLC raised its holdings in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock valued at $140,000 after buying an additional 820 shares during the last quarter. State Street Corp grew its stake in NuScale Power by 10.2% in the third quarter. State Street Corp now owns 1,674,995 shares of the company's stock valued at $19,396,000 after acquiring an additional 154,368 shares during the period. Barclays PLC lifted its stake in shares of NuScale Power by 472.3% in the third quarter. Barclays PLC now owns 150,791 shares of the company's stock valued at $1,746,000 after buying an additional 124,441 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NuScale Power by 21.0% in the third quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock worth $21,194,000 after purchasing an additional 317,285 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in NuScale Power during the 3rd quarter worth $118,000. Institutional investors own 78.37% of the company's stock.

NuScale Power Price Performance

NYSE:SMR traded down $0.10 during trading hours on Friday, reaching $16.46. The stock had a trading volume of 2,338,023 shares, compared to its average volume of 9,649,922. The stock has a market capitalization of $4.65 billion, a PE ratio of -17.33 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a 50 day moving average price of $16.33 and a two-hundred day moving average price of $19.98. NuScale Power Co. has a 52 week low of $5.50 and a 52 week high of $32.30.

Insider Transactions at NuScale Power

In related news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief technology officer now owns 516,207 shares in the company, valued at approximately $7,810,211.91. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the 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 of the company's stock, valued at approximately $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,114 shares of company stock worth $1,351,231. Insiders own 1.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SMR shares. UBS Group dropped their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. BTIG Research assumed coverage on shares of NuScale Power in a research report on Friday, April 11th. They set a "buy" rating and a $20.00 target price for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, NuScale Power presently has an average rating of "Moderate Buy" and a consensus target price 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.