CIBC Private Wealth Group LLC Has $788,000 Stock Position in NuScale Power Co. (NYSE:SMR)

CIBC Private Wealth Group LLC boosted its stake in NuScale Power Co. (NYSE:SMR) by 2,114.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,042 shares of the company’s stock after purchasing an additional 38,234 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in NuScale Power were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of NuScale Power in the 4th quarter valued at approximately $22,823,000. Vanguard Group Inc. raised its position in NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after purchasing an additional 635,271 shares in the last quarter. Van ECK Associates Corp lifted its stake in NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after purchasing an additional 511,168 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock valued at $7,843,000 after purchasing an additional 460,487 shares in the last quarter. Finally, Privium Fund Management B.V. bought a new position in shares of NuScale Power in the 4th quarter valued at $6,455,000. Institutional investors own 78.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th.

NuScale Power Price Performance

Shares of NYSE:SMR opened at $12.57 on Friday. The firm has a 50 day simple moving average of $19.18 and a 200 day simple moving average of $19.66. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -13.23 and a beta of 1.58. NuScale Power Co. has a one year low of $4.61 and a one year high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Insider Activity

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the transaction, the chief technology officer now owns 516,207 shares of the company’s stock, valued at $7,810,211.91. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction that occurred 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 sale, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,114 shares of company stock worth $1,351,231. Insiders own 1.96% of the company’s stock.

About NuScale Power

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.