Barclays PLC Acquires 124,441 Shares of NuScale Power Co. (NYSE:SMR)

Barclays PLC boosted its holdings in NuScale Power Co. (NYSE:SMR) by 472.3% during the third quarter, Holdings Channel reports. The fund owned 150,791 shares of the company’s stock after purchasing an additional 124,441 shares during the period. Barclays PLC’s holdings in NuScale Power were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Catalina Capital Group LLC boosted its holdings in shares of NuScale Power by 6.8% during the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after acquiring an additional 809 shares during the period. HighTower Advisors LLC lifted its holdings in NuScale Power by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares during the last quarter. Indie Asset Partners LLC boosted its stake in NuScale Power by 7.1% in the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock valued at $218,000 after purchasing an additional 1,250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NuScale Power in the 3rd quarter valued at $44,000. Finally, US Bancorp DE bought a new position in NuScale Power during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SMR shares. CLSA started coverage on shares of NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price for the company. Craig Hallum boosted their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Stock Down 10.6 %

Shares of NYSE SMR opened at $19.51 on Friday. NuScale Power Co. has a 52 week low of $1.88 and a 52 week high of $32.30. The stock’s fifty day moving average is $22.77 and its 200 day moving average is $14.88. 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 has a market capitalization of $4.98 billion, a P/E ratio of -20.54 and a beta of 1.33.

Insiders Place Their Bets

In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the transaction, the insider now owns 14,054 shares of the company’s stock, valued at approximately $255,782.80. The trade was a 89.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 202,610 shares of company stock worth $3,528,780 over the last ninety days. Corporate insiders own 1.96% of the company’s stock.

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.