Susquehanna Fundamental Investments LLC purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,873 shares of the company's stock, valued at approximately $303,000.
Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position 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 period. Toth Financial Advisory Corp raised its holdings 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 buying an additional 1,800 shares during the period. Twin Tree Management LP acquired a new position in NuScale Power during the 4th quarter worth about $42,000. Amalgamated Bank boosted its holdings in 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 acquiring an additional 986 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in NuScale Power by 2,980.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock valued at $66,000 after acquiring an additional 3,576 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on SMR shares. UBS Group reduced their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. BTIG Research initiated coverage on NuScale Power in a report on Friday, April 11th. They issued a "buy" rating and a $20.00 target price for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.60.
View Our Latest Research Report on SMR
Insider Activity at NuScale Power
In other NuScale Power news, CEO John Lawrence Hopkins sold 34,675 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $17.00, for a total value of $589,475.00. Following the transaction, the chief executive officer now directly owns 49,019 shares in the company, valued at $833,323. This represents a 41.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction that occurred on 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 owns 1,149 shares of the company's stock, valued at $16,683.48. This represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,047 shares of company stock valued at $2,514,898 over the last quarter. 1.27% of the stock is owned by insiders.
NuScale Power Stock Up 3.4 %
Shares of SMR traded up $0.57 during midday trading on Friday, reaching $17.50. The stock had a trading volume of 7,691,543 shares, compared to its average volume of 8,441,619. The company has a market cap of $4.94 billion, a price-to-earnings ratio of -18.42 and a beta of 1.62. The company's fifty day simple moving average is $16.01 and its two-hundred day simple moving average is $20.13. NuScale Power Co. has a 1-year low of $5.86 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.
NuScale Power Profile
(
Free Report)
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.
Featured Stories
Before you consider NuScale Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NuScale Power wasn't on the list.
While NuScale Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
