NuScale Power Co. (NYSE:SMR) Shares Sold by Swedbank AB

Swedbank AB trimmed its stake in NuScale Power Co. (NYSE:SMR) by 35.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,252,250 shares of the company’s stock after selling 1,249,200 shares during the quarter. Swedbank AB’s holdings in NuScale Power were worth $40,383,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Catalina Capital Group LLC grew its position in NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after purchasing an additional 809 shares during the last quarter. HighTower Advisors LLC increased its position in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock valued at $140,000 after acquiring an additional 820 shares during the period. Indie Asset Partners LLC raised its stake in NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock valued at $218,000 after acquiring an additional 1,250 shares in the last quarter. Toth Financial Advisory Corp boosted its position in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after acquiring an additional 1,800 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of NuScale Power in the fourth quarter worth $67,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Trading Up 4.9 %

Shares of SMR stock opened at $21.98 on Thursday. The stock’s fifty day simple moving average is $22.65 and its 200-day simple moving average is $16.59. 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 1-year low of $2.45 and a 1-year high of $32.30.

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

Insiders Place Their Bets

In related news, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction on Friday, November 29th. The shares were 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 directly owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum boosted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.42.

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.