Truist Financial Corp Raises Stock Position in NuScale Power Co. (NYSE:SMR)

Truist Financial Corp grew its holdings in NuScale Power Co. (NYSE:SMR) by 52.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,140 shares of the company’s stock after acquiring an additional 9,000 shares during the period. Truist Financial Corp’s holdings in NuScale Power were worth $469,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Toth Financial Advisory Corp raised 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 period. Union Bancaire Privee UBP SA purchased a new position in shares of NuScale Power in the 4th quarter valued at $67,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power in the 3rd quarter valued at $44,000. KBC Group NV purchased a new position in shares of NuScale Power in the 4th quarter valued at $70,000. Finally, US Bancorp DE purchased a new stake in NuScale Power during the 3rd quarter worth $54,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the sale, the chief executive officer now owns 34,675 shares of the company’s stock, valued at $625,537. The trade was a 95.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.96% of the stock is currently owned by insiders.

NuScale Power Stock Performance

NuScale Power stock opened at $15.47 on Tuesday. NuScale Power Co. has a 12-month low of $3.55 and a 12-month high of $32.30. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -16.28 and a beta of 1.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm’s fifty day moving average price is $21.60 and its 200 day moving average price is $18.48.

About NuScale Power

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.