JPMorgan Chase & Co. Has $1.93 Million Stock Position in NuScale Power Co. (NYSE:SMR)

JPMorgan Chase & Co. lifted its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 204.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,629 shares of the company's stock after acquiring an additional 111,812 shares during the period. JPMorgan Chase & Co. owned 0.07% of NuScale Power worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SMR. Van ECK Associates Corp grew its position in NuScale Power by 90.0% in the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock worth $14,307,000 after buying an additional 585,292 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock valued at $7,843,000 after buying an additional 460,487 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NuScale Power by 21.0% during the third quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock valued at $21,194,000 after acquiring an additional 317,285 shares during the period. TimesSquare Capital Management LLC purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $2,895,000. Finally, State Street Corp lifted its position in shares of NuScale Power by 10.2% in the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company's stock valued at $19,396,000 after acquiring an additional 154,368 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company's stock, valued at $110,229. The trade was a 82.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Craig Hallum raised their target price on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, NuScale Power has a consensus rating of "Moderate Buy" and an average target price of $10.39.

NuScale Power Stock Up 13.1 %

SMR traded up $3.34 during midday trading on Thursday, hitting $28.91. 22,465,351 shares of the company's stock traded hands, compared to its average volume of 10,283,950. 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 company has a market cap of $7.38 billion, a PE ratio of -30.43 and a beta of 1.47. NuScale Power Co. has a one year low of $2.25 and a one year high of $32.30. The stock's fifty day simple moving average is $22.80 and its 200-day simple moving average is $16.23.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $0.48 million during the quarter, compared to analyst estimates of $6.18 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. During the same period in the previous year, the firm posted ($0.26) EPS.

NuScale Power 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.