Stifel Financial Corp Boosts Stake in NuScale Power Co. (NYSE:SMR)

Stifel Financial Corp lifted its holdings in shares of NuScale Power Co. (NYSE:SMR) by 581.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,355 shares of the company’s stock after acquiring an additional 100,995 shares during the quarter. Stifel Financial Corp’s holdings in NuScale Power were worth $1,371,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Craig Hallum upped their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.39.

NuScale Power Stock Performance

SMR stock opened at $19.77 on Friday. The company has a 50-day simple moving average of $22.36 and a 200 day simple moving average of $14.44. The company has a market capitalization of $5.05 billion, a P/E ratio of -20.81 and a beta of 1.33. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a fifty-two week low of $1.88 and a fifty-two week high of $32.30.

Insiders Place Their Bets

In other news, insider Robert K. Temple sold 68,558 shares of NuScale Power 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 transaction, the insider now directly owns 14,054 shares in the company, valued at approximately $182,983.08. This trade represents a 82.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 277,610 shares of company stock worth $4,428,780. 1.96% of the stock is owned by corporate insiders.

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.