NuScale Power Co. (NYSE:SMR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in NuScale Power Co. (NYSE:SMR - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,965,456 shares of the company's stock after purchasing an additional 135,613 shares during the period. Geode Capital Management LLC owned about 0.77% of NuScale Power worth $35,249,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in shares of NuScale Power by 2,114.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 40,042 shares of the company's stock valued at $788,000 after buying an additional 38,234 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of NuScale Power during the 4th quarter worth $22,823,000. L & S Advisors Inc acquired a new stake in shares of NuScale Power during the fourth quarter worth $277,000. Orion Portfolio Solutions LLC purchased a new stake in shares of NuScale Power in the fourth quarter valued at $182,000. Finally, NEOS Investment Management LLC acquired a new position in NuScale Power in the fourth quarter valued at $297,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMR. UBS Group decreased their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. BTIG Research initiated coverage on shares of NuScale Power in a research report on Friday, April 11th. They issued a "buy" rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $16.60.

NuScale Power Trading Up 0.8 %

NYSE:SMR traded up $0.11 on Friday, hitting $14.61. 4,114,985 shares of the stock were exchanged, compared to its average volume of 8,263,414. The stock has a market cap of $4.13 billion, a PE ratio of -15.38 and a beta of 1.64. NuScale Power Co. has a fifty-two week low of $4.61 and a fifty-two week high of $32.30. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $17.06 and a 200-day moving average of $20.02.

Insider Activity at NuScale Power

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares of the company's stock, valued at $7,810,211.91. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,114 shares of company stock worth $1,351,231. Company 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.