Swiss National Bank Has $3.01 Million Holdings in NuScale Power Co. (NYSE:SMR)

Swiss National Bank grew its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 167,700 shares of the company's stock after purchasing an additional 29,300 shares during the quarter. Swiss National Bank owned about 0.07% of NuScale Power worth $3,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SMR. Geode Capital Management LLC boosted its position in shares of NuScale Power by 21.0% during 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 in the last quarter. Van ECK Associates Corp raised its stake in NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after buying an additional 511,168 shares during the period. State Street Corp lifted its holdings in NuScale Power by 10.2% during the third quarter. State Street Corp now owns 1,674,995 shares of the company's stock worth $19,396,000 after acquiring an additional 154,368 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in NuScale Power by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 735,383 shares of the company's stock valued at $13,185,000 after acquiring an additional 58,135 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NuScale Power by 57.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock worth $4,074,000 after acquiring an additional 128,012 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

Insider Transactions at NuScale Power

In other news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. This trade represents a 95.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 29,985 shares in the company, valued at $470,764.50. This trade represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 720,682 shares of company stock valued at $12,840,747 over the last three months. Company insiders own 1.96% of the company's stock.

NuScale Power Stock Down 7.2 %

NYSE SMR traded down $1.16 on Friday, reaching $14.94. The company had a trading volume of 5,954,779 shares, compared to its average volume of 8,152,649. The company's fifty day moving average is $20.37 and its 200-day moving average is $19.63. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of -15.73 and a beta of 1.58. 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 1-year low of $4.61 and a 1-year high of $32.30.

Analysts Set New Price Targets

Separately, UBS Group cut their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th.

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.