Stifel Financial Corp Raises Stake in NuScale Power Co. (NYSE:SMR)

Stifel Financial Corp lifted its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 581.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,355 shares of the company's stock after purchasing an additional 100,995 shares during the period. Stifel Financial Corp's holdings in NuScale Power were worth $1,371,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Catalina Capital Group LLC lifted its position in shares of NuScale Power by 6.8% during the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock worth $146,000 after purchasing an additional 809 shares during the last quarter. HighTower Advisors LLC lifted its holdings in NuScale Power by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock worth $140,000 after buying an additional 820 shares during the last quarter. Indie Asset Partners LLC boosted its position in shares of NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock worth $218,000 after acquiring an additional 1,250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power in the 3rd quarter valued at about $44,000. Finally, US Bancorp DE acquired a new stake in shares of NuScale Power during the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They issued an "outperform" rating and a $11.00 price target on the stock. Craig Hallum increased their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.39.

NuScale Power Stock Performance

SMR stock traded up $0.76 on Friday, hitting $19.77. The company's stock had a trading volume of 9,648,046 shares, compared to its average volume of 6,571,946. The firm has a 50 day moving average of $22.36 and a two-hundred day moving average of $14.49. NuScale Power Co. has a 1 year low of $1.88 and a 1 year high of $32.30. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -20.81 and a beta of 1.33. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now directly owns 3,801 shares of the company's stock, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert K. Temple sold 115,866 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were 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 approximately $255,782.80. The trade was a 89.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 277,610 shares of company stock worth $4,428,780. 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.