NuScale Power Co. (NYSE:SMR) Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in NuScale Power Co. (NYSE:SMR) by 467.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 85,738 shares of the company’s stock after acquiring an additional 70,638 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NuScale Power were worth $1,537,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its stake in shares of NuScale Power by 99.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,755 shares of the company’s stock worth $247,000 after purchasing an additional 6,855 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of NuScale Power during the 4th quarter worth $219,000. Financial Advocates Investment Management acquired a new position in shares of NuScale Power during the 4th quarter worth $474,000. Bleakley Financial Group LLC acquired a new position in shares of NuScale Power during the 4th quarter worth $764,000. Finally, Kercheville Advisors LLC acquired a new position in shares of NuScale Power during the 4th quarter worth $188,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Transactions at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction 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 owns 3,801 shares in the company, valued at $110,229. This represents a 82.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

NuScale Power Stock Performance

Shares of SMR opened at $19.07 on Friday. The company’s fifty day moving average is $21.95 and its 200-day moving average is $18.08. NuScale Power Co. has a 12 month low of $2.47 and a 12 month high of $32.30. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of -20.07 and a beta of 1.51. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

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.