20,799 Shares in NuScale Power Co. (NYSE:SMR) Acquired by MRA Advisory Group

MRA Advisory Group bought a new stake in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, Holdings Channel.com reports. The fund bought 20,799 shares of the company’s stock, valued at approximately $373,000.

A number of other large investors have also recently made changes to their positions in SMR. Harbour Capital Advisors LLC bought a new stake in shares of NuScale Power during the 4th quarter valued at $301,000. JPMorgan Chase & Co. grew its holdings in NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock valued at $1,930,000 after buying an additional 111,812 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of NuScale Power during the third quarter valued at about $555,000. Tidal Investments LLC purchased a new stake in shares of NuScale Power in the third quarter worth about $118,000. Finally, Barclays PLC boosted its position in shares of NuScale Power by 472.3% in the third quarter. Barclays PLC now owns 150,791 shares of the company’s stock valued at $1,746,000 after acquiring an additional 124,441 shares during the period. 78.37% of the stock is owned by institutional investors.

Insider Transactions at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at $255,782.80. This represents a 89.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 798,620 shares of company stock valued at $14,624,962 in the last quarter. Insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum increased their target price on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Stock Down 6.5 %

SMR stock opened at $18.83 on Tuesday. The company’s 50 day moving average is $22.85 and its 200 day moving average is $15.73. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of -19.82 and a beta of 1.47. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 1-year low of $1.88 and a 1-year high of $32.30.

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.