XTX Topco Ltd Buys New Stake in NuScale Power Co. (NYSE:SMR)

XTX Topco Ltd purchased a new position in shares of NuScale Power Co. (NYSE:SMR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,504 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock worth $191,000 after purchasing an additional 656 shares during the last quarter. HighTower Advisors LLC raised its holdings in NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares in the last quarter. Amalgamated Bank lifted its position in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of NuScale Power by 16.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company’s stock worth $159,000 after buying an additional 1,260 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of NuScale Power by 6.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock valued at $379,000 after buying an additional 1,314 shares in the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Stock Up 0.8 %

Shares of NYSE:SMR opened at $14.61 on Friday. NuScale Power Co. has a 1-year low of $4.61 and a 1-year high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $4.13 billion, a P/E ratio of -15.38 and a beta of 1.64. The firm has a fifty day moving average price of $17.28 and a 200 day moving average price of $19.89.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SMR. BTIG Research assumed coverage on shares of NuScale Power in a research report on Friday, April 11th. They issued a “buy” rating and a $20.00 price target for the company. UBS Group cut their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, NuScale Power has a consensus rating of “Moderate Buy” and a consensus price target of $16.60.

Insider Activity

In other news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the transaction, the chief technology officer now owns 516,207 shares in the company, valued at approximately $7,810,211.91. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,114 shares of company stock valued at $1,351,231. Insiders own 1.96% of the company’s stock.

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.