Invesco Ltd. Sells 654,671 Shares of NuScale Power Co. (NYSE:SMR)

Invesco Ltd. decreased its holdings in shares of NuScale Power Co. (NYSE:SMR) by 95.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,749 shares of the company’s stock after selling 654,671 shares during the period. Invesco Ltd.’s holdings in NuScale Power were worth $623,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SMR. Venturi Wealth Management LLC increased its holdings in 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 last quarter. Toth Financial Advisory Corp increased its stake in shares of NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after acquiring an additional 1,800 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of NuScale Power in the 4th quarter valued at approximately $42,000. Amalgamated Bank boosted its stake in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after acquiring an additional 986 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings 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 purchasing an additional 3,576 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Buying and Selling

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares in the company, valued at approximately $7,810,211.91. The trade was a 6.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,114 shares of company stock worth $1,351,231 over the last ninety days. Company insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. BTIG Research started coverage on shares of NuScale Power in a report on Friday, April 11th. They issued a “buy” rating and a $20.00 target price on the stock. UBS Group dropped their price objective 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, NuScale Power currently has an average rating of “Moderate Buy” and an average target price of $16.60.

NuScale Power Stock Performance

Shares of SMR stock opened at $17.48 on Friday. The company has a market capitalization of $4.94 billion, a P/E ratio of -18.40 and a beta of 1.64. NuScale Power Co. has a 52 week low of $5.50 and a 52 week high of $32.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company’s 50 day moving average price is $15.98 and its two-hundred day moving average price is $20.15.

NuScale Power Company 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.