61,208 Shares in NuScale Power Co. (NYSE:SMR) Acquired by Natixis

Natixis purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,208 shares of the company's stock, valued at approximately $1,097,000.

Several other hedge funds have also bought and sold shares of SMR. HighTower Advisors LLC grew its stake in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock valued at $140,000 after buying an additional 820 shares during the last quarter. Barclays PLC raised 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 buying an additional 124,441 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NuScale Power by 21.0% in the third quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock valued at $21,194,000 after buying an additional 317,285 shares during the period. Tidal Investments LLC acquired a new stake in NuScale Power during the third quarter worth approximately $118,000. Finally, Franklin Resources Inc. bought a new position in NuScale Power during the 3rd quarter worth $555,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NuScale Power

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was 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 directly owns 516,207 shares in the company, valued at $7,810,211.91. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value 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. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,114 shares of company stock worth $1,351,231. Corporate insiders own 1.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BTIG Research assumed coverage on NuScale Power in a research report on Friday, April 11th. They issued a "buy" rating and a $20.00 price target on the stock. UBS Group dropped their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.60.

NuScale Power Price Performance

Shares of NuScale Power stock traded down $0.21 during midday trading on Monday, hitting $16.45. 2,250,332 shares of the company traded hands, compared to its average volume of 8,291,137. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of -17.28 and a beta of 1.64. 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 firm's fifty day moving average price is $16.22 and its 200-day moving average price is $20.12. NuScale Power Co. has a 12 month low of $5.50 and a 12 month high of $32.30.

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.