NuScale Power Co. (NYSE:SMR) Shares Bought by FORA Capital LLC

FORA Capital LLC grew its position in shares of NuScale Power Co. (NYSE:SMR) by 142.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,608 shares of the company’s stock after acquiring an additional 57,922 shares during the quarter. FORA Capital LLC’s holdings in NuScale Power were worth $1,768,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SMR. Deutsche Bank AG boosted its stake in NuScale Power by 50.0% during the 4th quarter. Deutsche Bank AG now owns 75,396 shares of the company’s stock valued at $1,352,000 after purchasing an additional 25,131 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in NuScale Power during the 4th quarter worth about $33,000. BOKF NA lifted its stake in NuScale Power by 15.4% during the fourth quarter. BOKF NA now owns 75,000 shares of the company’s stock valued at $1,345,000 after buying an additional 10,000 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of NuScale Power in the fourth quarter worth about $272,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of NuScale Power in the fourth quarter worth approximately $200,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Stock Up 1.8 %

NuScale Power stock opened at $16.91 on Friday. The firm’s 50 day moving average price is $16.00 and its two-hundred day moving average price is $20.11. The firm has a market cap of $4.78 billion, a PE ratio of -17.80 and a beta of 1.62. NuScale Power Co. has a twelve month low of $5.58 and a twelve month high of $32.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Wall Street Analysts Forecast Growth

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

Insider Transactions at NuScale Power

In other news, insider Clayton Scott sold 10,019 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.78, for a total transaction of $168,118.82. Following the completion of the sale, the insider now directly owns 86,965 shares of the company’s stock, valued at $1,459,272.70. This trade represents a 10.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 34,675 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $17.00, for a total value of $589,475.00. Following the completion of the transaction, the chief executive officer now owns 49,019 shares in the company, valued at $833,323. This represents a 41.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,373 shares of company stock valued at $2,135,335. 1.96% of the stock is owned by insiders.

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.