NuScale Power Co. (NYSE:SMR) Shares Bought by Barclays PLC

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

Several other institutional investors and hedge funds have also made changes to their positions in SMR. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power during the third quarter worth approximately $44,000. US Bancorp DE acquired a new stake in NuScale Power during the third quarter worth approximately $54,000. CWM LLC lifted its position in shares of NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares during the last quarter. Quest Partners LLC acquired a new position in shares of NuScale Power in the 2nd quarter valued at $115,000. Finally, Victory Capital Management Inc. purchased a new position in shares of NuScale Power in the 3rd quarter valued at $116,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NuScale Power

In related news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power 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 transaction, the vice president now directly owns 3,801 shares in the company, valued at $110,229. This trade represents a 82.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert K. Temple sold 115,866 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the transaction, the insider now owns 14,054 shares of the company’s stock, valued at approximately $255,782.80. The trade was a 89.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 798,620 shares of company stock worth $14,624,962. 1.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum upped their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Stock Up 1.8 %

SMR stock opened at $20.04 on Friday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of -21.09 and a beta of 1.47. The company has a fifty day moving average price of $22.85 and a 200 day moving average price of $15.66. 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 Co. has a 12 month low of $1.88 and a 12 month high of $32.30.

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.