Harvest Investment Services LLC Takes Position in NuScale Power Co. (NYSE:SMR)

Harvest Investment Services LLC bought a new position in NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 46,503 shares of the company's stock, valued at approximately $834,000.

A number of other institutional investors also recently modified their holdings of SMR. HighTower Advisors LLC raised its stake in shares of NuScale Power by 7.3% in the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock worth $140,000 after acquiring an additional 820 shares during the last quarter. State Street Corp grew its position in shares of NuScale Power by 10.2% during the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company's stock worth $19,396,000 after buying an additional 154,368 shares during the period. Barclays PLC grew its position in shares of NuScale Power by 472.3% during the 3rd quarter. Barclays PLC now owns 150,791 shares of the company's stock worth $1,746,000 after buying an additional 124,441 shares during the period. Geode Capital Management LLC grew its position in shares of NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock worth $21,194,000 after buying an additional 317,285 shares during the period. Finally, Tidal Investments LLC acquired a new stake in shares of NuScale Power during the 3rd quarter worth approximately $118,000. 78.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

NuScale Power Stock Up 0.7 %

Shares of NuScale Power stock traded up $0.12 on Friday, hitting $16.68. The company had a trading volume of 4,584,292 shares, compared to its average volume of 8,314,945. The firm has a market capitalization of $4.71 billion, a P/E ratio of -17.56 and a beta of 1.64. NuScale Power Co. has a twelve month low of $5.50 and a twelve month 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 50-day moving average of $16.22 and a 200-day moving average of $20.12.

Insider Activity

In related news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction 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 transaction, the vice president now owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This trade 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 accessible through this hyperlink. 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 sale, the chief technology officer now owns 516,207 shares in the company, valued at $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,114 shares of company stock worth $1,351,231 over the last quarter. 1.96% of the stock is currently owned by company insiders.

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.