Legal & General Group Plc Acquires 12,831 Shares of NuScale Power Co. (NYSE:SMR)

Legal & General Group Plc grew its holdings in NuScale Power Co. (NYSE:SMR) by 16.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 92,887 shares of the company’s stock after buying an additional 12,831 shares during the quarter. Legal & General Group Plc’s holdings in NuScale Power were worth $1,665,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its holdings in NuScale Power by 600.0% in 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 in the last quarter. Twin Tree Management LP purchased a new stake in shares of NuScale Power in the 4th quarter worth about $42,000. Amalgamated Bank boosted its stake in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after purchasing an additional 986 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of NuScale Power by 2,980.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company’s stock valued at $66,000 after buying an additional 3,576 shares during the period. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Price Performance

Shares of NYSE SMR opened at $16.68 on Friday. The company has a 50 day simple moving average of $16.22 and a two-hundred day simple moving average of $20.01. NuScale Power Co. has a fifty-two week low of $5.50 and a fifty-two week high of $32.30. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of -17.56 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Buying and Selling

In other news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,114 shares of company stock worth $1,351,231 in the last 90 days. Insiders own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

SMR has been the topic of several research reports. 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 research report on Friday, March 7th. BTIG Research started coverage on NuScale Power in a research report on Friday, April 11th. They set a “buy” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.60.

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.