37,602 Shares in NuScale Power Co. (NYSE:SMR) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,602 shares of the company’s stock, valued at approximately $674,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after buying an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp raised its position in NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after acquiring an additional 1,800 shares during the period. Twin Tree Management LP purchased a new position in NuScale Power during the fourth quarter valued at $42,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NuScale Power in the third quarter valued at about $44,000. Finally, Amalgamated Bank increased its stake in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s 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 transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the transaction, the chief financial officer now owns 29,985 shares in the company, valued at approximately $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 720,682 shares of company stock valued at $12,840,747 over the last 90 days. 1.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, UBS Group reduced their price target on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th.

NuScale Power Stock Down 7.2 %

NYSE SMR opened at $14.94 on Monday. The business has a fifty day moving average price of $20.37 and a 200 day moving average price of $19.63. 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 $4.22 billion, a P/E ratio of -15.73 and a beta of 1.58. NuScale Power Co. has a one year low of $4.61 and a one year 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.