Bouvel Investment Partners LLC Acquires Shares of 54,254 NuScale Power Co. (NYSE:SMR)

Bouvel Investment Partners LLC bought a new stake in NuScale Power Co. (NYSE:SMR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 54,254 shares of the company’s stock, valued at approximately $973,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its position in shares of NuScale Power by 125,230.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 12,533 shares of the company’s stock valued at $225,000 after purchasing an additional 12,523 shares during the last quarter. MRA Advisory Group purchased a new position in NuScale Power in the fourth quarter valued at approximately $373,000. Harbour Capital Advisors LLC bought a new position in NuScale Power during the fourth quarter valued at $301,000. JPMorgan Chase & Co. increased its position in NuScale Power by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock worth $1,930,000 after buying an additional 111,812 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of NuScale Power in the third quarter valued at $555,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum increased their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.39.

Insider Activity

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

NuScale Power Price Performance

Shares of NYSE SMR opened at $20.35 on Friday. The stock has a fifty day moving average of $22.85 and a 200-day moving average of $15.82. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a fifty-two week low of $1.88 and a fifty-two week 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.