Vanguard Group Inc. Buys 635,271 Shares of NuScale Power Co. (NYSE:SMR)

Vanguard Group Inc. raised its holdings in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,427,917 shares of the company's stock after acquiring an additional 635,271 shares during the quarter. Vanguard Group Inc. owned approximately 3.30% of NuScale Power worth $151,113,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. LPL Financial LLC raised its stake in NuScale Power by 69.3% during the 4th quarter. LPL Financial LLC now owns 201,296 shares of the company's stock valued at $3,609,000 after purchasing an additional 82,363 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of NuScale Power during the fourth quarter valued at approximately $384,000. Sei Investments Co. purchased a new position in shares of NuScale Power in the fourth quarter worth $552,000. Virtu Financial LLC bought a new position in shares of NuScale Power during the fourth quarter worth $986,000. Finally, Teacher Retirement System of Texas purchased a new position in NuScale Power during the fourth quarter valued at $674,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. BTIG Research started coverage on shares of NuScale Power in a report on Friday. They set a "buy" rating and a $20.00 price objective for the company. UBS Group dropped their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.60.

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NuScale Power Price Performance

Shares of NuScale Power stock traded up $0.29 during trading hours on Friday, reaching $15.14. The company's stock had a trading volume of 6,432,637 shares, compared to its average volume of 8,189,162. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a one year low of $4.61 and a one year high of $32.30. The firm has a 50 day moving average price of $18.11 and a 200-day moving average price of $19.87. The stock has a market cap of $4.27 billion, a P/E ratio of -15.93 and a beta of 1.64.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction 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 transaction, the vice president now owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction dated Friday, March 7th. The stock was 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 directly 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 have sold 89,114 shares of company stock valued at $1,351,231 over the last ninety days. 1.96% of the stock is owned by 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.