Barclays PLC Has $1.75 Million Stock Position in NuScale Power Co. (NYSE:SMR)

Barclays PLC increased its holdings in shares of NuScale Power Co. (NYSE:SMR) by 472.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,791 shares of the company’s stock after buying an additional 124,441 shares during the quarter. Barclays PLC owned 0.06% of NuScale Power worth $1,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of NuScale Power by 10.2% during the third quarter. State Street Corp now owns 1,674,995 shares of the company’s stock worth $19,396,000 after purchasing an additional 154,368 shares during the period. Van ECK Associates Corp increased its stake in NuScale Power by 90.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock worth $14,307,000 after purchasing an additional 585,292 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after buying an additional 460,487 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NuScale Power by 57.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company’s stock valued at $4,074,000 after buying an additional 128,012 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NuScale Power by 97.3% in the second quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock valued at $3,256,000 after buying an additional 137,382 shares during the period. 78.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at approximately $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert K. Temple sold 68,558 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $13.02, for a total transaction of $892,625.16. Following the transaction, the insider now owns 14,054 shares in the company, valued at approximately $182,983.08. The trade was a 82.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 202,610 shares of company stock valued at $3,528,780 in the last three months. 1.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on SMR. CLSA initiated coverage on shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. Craig Hallum lifted their price target on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power has an average rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Stock Performance

Shares of SMR opened at $19.51 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12 month low of $1.88 and a 12 month high of $32.30. The firm has a fifty day simple moving average of $22.77 and a 200 day simple moving average of $14.88. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of -20.54 and a beta of 1.33.

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.