Vanguard Group Inc. Increases Stock Holdings in NuScale Power Co. (NYSE:SMR)

Vanguard Group Inc. raised its holdings in NuScale Power Co. (NYSE:SMR) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,427,917 shares of the company’s stock after buying an additional 635,271 shares during the quarter. Vanguard Group Inc.’s holdings in NuScale Power were worth $151,113,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp grew its position 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 purchasing an additional 511,168 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after buying an additional 460,487 shares during the period. Privium Fund Management B.V. purchased a new stake in shares of NuScale Power during the fourth quarter valued at $6,455,000. Geode Capital Management LLC increased its position in shares of NuScale Power by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock valued at $21,194,000 after acquiring an additional 317,285 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in NuScale Power by 291.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 292,833 shares of the company’s stock worth $5,250,000 after acquiring an additional 217,998 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Trading Up 11.6 %

Shares of NuScale Power stock opened at $14.06 on Tuesday. NuScale Power Co. has a 1 year low of $4.61 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 stock has a market cap of $3.97 billion, a PE ratio of -14.80 and a beta of 1.64. The firm has a fifty day moving average price of $19.06 and a 200 day moving average price of $19.84.

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power 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. The trade was a 95.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares in the company, valued at $7,810,211.91. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,114 shares of company stock worth $1,351,231. Insiders own 1.96% of the company’s stock.

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.

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.