NuScale Power Co. (NYSE:SMR) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in NuScale Power Co. (NYSE:SMR) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,172 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. New York State Common Retirement Fund’s holdings in NuScale Power were worth $433,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp grew its stake in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power during the third quarter worth about $44,000. US Bancorp DE purchased a new stake in NuScale Power during the third quarter worth about $54,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of NuScale Power during the 4th quarter worth approximately $67,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.96% of the stock is currently owned by company insiders.

NuScale Power Stock Performance

NYSE SMR opened at $17.19 on Wednesday. NuScale Power Co. has a 1-year low of $3.79 and a 1-year high of $32.30. 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 business has a 50 day moving average price of $21.53 and a 200 day moving average price of $18.54. The company has a market capitalization of $4.39 billion, a P/E ratio of -18.09 and a beta of 1.51.

NuScale Power 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.