NuScale Power Co. (NYSE:SMR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of NuScale Power Co. (NYSE:SMR) by 467.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,738 shares of the company’s stock after purchasing an additional 70,638 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NuScale Power were worth $1,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp lifted its stake in NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of NuScale Power in the 4th quarter valued at approximately $67,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $44,000. KBC Group NV purchased a new stake in shares of NuScale Power in the 4th quarter valued at approximately $70,000. Finally, US Bancorp DE purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $54,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

NuScale Power Stock Down 8.3 %

Shares of NYSE:SMR opened at $19.07 on Friday. 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 has a market cap of $4.87 billion, a PE ratio of -20.07 and a beta of 1.51. NuScale Power Co. has a 52 week low of $2.47 and a 52 week high of $32.30. The firm has a 50 day simple moving average of $21.95 and a 200 day simple moving average of $18.08.

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.