State Street Corp Has $19.40 Million Holdings in NuScale Power Co. (NYSE:SMR)

State Street Corp lifted its stake in NuScale Power Co. (NYSE:SMR) by 10.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,674,995 shares of the company’s stock after acquiring an additional 154,368 shares during the period. State Street Corp owned approximately 0.67% of NuScale Power worth $19,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power in the 3rd quarter worth $44,000. US Bancorp DE bought a new stake in shares of NuScale Power in the third quarter valued at about $54,000. CWM LLC grew its position in NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares in the last quarter. International Assets Investment Management LLC bought a new position in NuScale Power during the second quarter valued at about $64,000. Finally, Quest Partners LLC acquired a new position in NuScale Power in the 2nd quarter valued at approximately $115,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Down 0.2 %

Shares of NYSE SMR opened at $19.73 on Tuesday. NuScale Power Co. has a 52-week low of $1.88 and a 52-week high of $32.30. 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 business has a fifty day moving average of $22.36 and a two-hundred day moving average of $14.54. The stock has a market cap of $5.04 billion, a PE ratio of -20.77 and a beta of 1.33.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Craig Hallum lifted their price objective on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NuScale Power has an average rating of “Moderate Buy” and a consensus price target of $10.39.

Insider Buying and Selling

In related news, 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 sale, the vice president now directly owns 3,801 shares in the company, valued at $110,229. This represents a 82.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert K. Temple sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $12.00, for a total value of $900,000.00. Following the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at $168,648. This represents a 84.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 277,610 shares of company stock worth $4,428,780 in the last quarter. 1.96% of the stock is owned by corporate insiders.

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.