Arizona State Retirement System Raises Stock Holdings in NuScale Power Co. (NYSE:SMR)

Arizona State Retirement System raised its position in shares of NuScale Power Co. (NYSE:SMR) by 21.3% during the 4th quarter, Holdings Channel reports. The fund owned 24,739 shares of the company’s stock after purchasing an additional 4,344 shares during the period. Arizona State Retirement System’s holdings in NuScale Power were worth $444,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares during the last quarter. Amalgamated Bank increased its position in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after purchasing an additional 986 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of NuScale Power during the 4th quarter valued at approximately $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power during the 3rd quarter valued at approximately $44,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction on Tuesday, March 4th. The stock was 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 of the company’s stock, valued at approximately $16,683.48. This represents a 95.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following 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 disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock valued at $12,840,747 in the last quarter. 1.96% of the stock is owned by insiders.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $17.53 on Friday. The stock’s fifty day moving average is $21.00 and its two-hundred day moving average is $18.81. The company has a market capitalization of $4.48 billion, a PE ratio of -18.46 and a beta of 1.58. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 52 week low of $0.13 and a 52 week high of $32.30.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.58.

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.