Wolff Wiese Magana LLC Grows Position in NuScale Power Co. (NYSE:SMR)

Wolff Wiese Magana LLC raised its position in NuScale Power Co. (NYSE:SMR - Free Report) by 125,230.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,533 shares of the company's stock after acquiring an additional 12,523 shares during the period. Wolff Wiese Magana LLC's holdings in NuScale Power were worth $225,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NuScale Power during the third quarter worth $44,000. US Bancorp DE bought a new stake in shares of NuScale Power during the 3rd quarter worth $54,000. CWM LLC boosted its holdings in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after buying an additional 5,191 shares during the last quarter. Quest Partners LLC bought a new position in NuScale Power during the second quarter valued at about $115,000. Finally, Victory Capital Management Inc. purchased a new stake in NuScale Power during the third quarter worth about $116,000. 78.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Craig Hallum boosted their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $10.39.

NuScale Power Stock Performance

NYSE:SMR traded up $1.53 on Wednesday, reaching $20.76. 6,536,798 shares of the company's stock were exchanged, compared to its average volume of 8,809,697. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -21.85 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a fifty day simple moving average of $22.86 and a 200-day simple moving average of $15.79. NuScale Power Co. has a 52 week low of $1.88 and a 52 week high of $32.30.

Insider Buying and Selling

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the sale, the chief executive officer now directly owns 34,675 shares of the company's stock, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company's stock, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

NuScale Power Company 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.