Stifel Financial Corp Boosts Stock Holdings in NuScale Power Co. (NYSE:SMR)

Stifel Financial Corp lifted its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 45.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,096 shares of the company's stock after acquiring an additional 53,741 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of NuScale Power worth $3,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in 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 purchasing an additional 124,441 shares during the period. Tidal Investments LLC purchased a new position in shares of NuScale Power during the third quarter valued at $118,000. Franklin Resources Inc. purchased a new stake in NuScale Power in the third quarter worth about $555,000. 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 worth $1,930,000 after acquiring an additional 111,812 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in NuScale Power during the 4th quarter valued at about $301,000. Institutional investors own 78.37% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power 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 sale, the chief technology officer now owns 516,207 shares of the company's stock, valued at $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the transaction, the chief financial officer now owns 29,985 shares in the company, valued at approximately $470,764.50. This trade represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,114 shares of company stock worth $1,351,231 in the last three months. Corporate insiders own 1.96% of the company's stock.

NuScale Power Stock Down 1.8 %

NuScale Power stock traded down $0.32 during midday trading on Monday, reaching $17.14. The company's stock had a trading volume of 3,239,049 shares, compared to its average volume of 8,339,584. NuScale Power Co. has a 52-week low of $5.50 and a 52-week high of $32.30. The stock has a market capitalization of $4.84 billion, a P/E ratio of -18.04 and a beta of 1.62. 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's 50-day simple moving average is $15.96 and its 200-day simple moving average is $20.17.

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.