Tidal Investments LLC Takes $118,000 Position in NuScale Power Co. (NYSE:SMR)

Tidal Investments LLC acquired a new position in shares of NuScale Power Co. (NYSE:SMR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,176 shares of the company’s stock, valued at approximately $118,000.

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

NuScale Power Trading Up 6.5 %

Shares of NYSE:SMR opened at $21.01 on Thursday. 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 stock’s 50-day moving average is $22.67 and its 200-day moving average is $14.76. The company has a market cap of $5.37 billion, a P/E ratio of -22.12 and a beta of 1.33. NuScale Power Co. has a 52-week low of $1.88 and a 52-week high of $32.30.

Insider Activity at NuScale Power

In related news, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert K. Temple sold 68,558 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $13.02, for a total transaction of $892,625.16. Following the completion of the sale, the insider now owns 14,054 shares in the company, valued at $182,983.08. This represents a 82.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,610 shares of company stock worth $3,528,780 in the last 90 days. 1.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SMR. Craig Hallum lifted 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. CLSA initiated coverage on NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, NuScale Power has an average rating of “Moderate Buy” and an average target price of $10.39.

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.