Rockefeller Capital Management L.P. Raises Stake in NuScale Power Co. (NYSE:SMR)

Rockefeller Capital Management L.P. raised its stake in shares of NuScale Power Co. (NYSE:SMR) by 105.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,900 shares of the company’s stock after buying an additional 30,217 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in NuScale Power were worth $1,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMR. Venturi Wealth Management LLC grew its stake in NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp grew its position 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 valued at $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new position in shares of NuScale Power in the fourth quarter worth $42,000. Amalgamated Bank raised its position in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in 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.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SMR shares. UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. BTIG Research initiated coverage on shares of NuScale Power in a research report on Friday, April 11th. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.60.

Insider Buying and Selling

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, 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. Insiders sold 89,114 shares of company stock worth $1,351,231 in the last quarter. 1.96% of the stock is owned by insiders.

NuScale Power Trading Down 6.4 %

Shares of SMR stock opened at $13.67 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.86 billion, a P/E ratio of -14.39 and a beta of 1.64. The business has a 50-day moving average price of $16.80 and a two-hundred day moving average price of $20.02. NuScale Power Co. has a 12-month low of $4.61 and a 12-month high of $32.30.

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.