Geode Capital Management LLC Purchases 135,613 Shares of NuScale Power Co. (NYSE:SMR)

Geode Capital Management LLC lifted its position in NuScale Power Co. (NYSE:SMR) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,965,456 shares of the company’s stock after acquiring an additional 135,613 shares during the period. Geode Capital Management LLC owned 0.77% of NuScale Power worth $35,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock valued at $1,930,000 after purchasing an additional 111,812 shares in the last quarter. Stifel Financial Corp raised its holdings in NuScale Power by 581.8% in the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock worth $1,371,000 after acquiring an additional 100,995 shares during the last quarter. Franklin Resources Inc. purchased a new stake in NuScale Power during the 3rd quarter valued at $555,000. Barclays PLC increased its holdings in shares of NuScale Power by 472.3% in the 3rd quarter. Barclays PLC now owns 150,791 shares of the company’s stock worth $1,746,000 after purchasing an additional 124,441 shares in the last quarter. Finally, Spire Wealth Management bought a new position in shares of NuScale Power during the fourth quarter valued at $262,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Activity at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was 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 owns 1,149 shares in the company, valued at $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 available through this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,114 shares of company stock worth $1,351,231. 1.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

NuScale Power Trading Down 5.5 %

NuScale Power stock opened at $14.54 on Thursday. The business has a 50-day simple moving average of $17.54 and a two-hundred day simple moving average of $19.87. NuScale Power Co. has a 52-week low of $4.61 and a 52-week high of $32.30. 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 company has a market cap of $4.11 billion, a P/E ratio of -15.31 and a beta of 1.64.

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.