Quest Partners LLC Has $173,000 Stock Holdings in NuScale Power Co. (NYSE:SMR)

Quest Partners LLC lifted its holdings in NuScale Power Co. (NYSE:SMR) by 52.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,950 shares of the company’s stock after purchasing an additional 5,142 shares during the quarter. Quest Partners LLC’s holdings in NuScale Power were worth $173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Catalina Capital Group LLC grew its position in shares of NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock valued at $146,000 after purchasing an additional 809 shares during the period. Indie Asset Partners LLC grew its position in shares of NuScale Power by 7.1% in the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock valued at $218,000 after purchasing an additional 1,250 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after acquiring an additional 4,014 shares in the last quarter. US Bancorp DE bought a new stake in NuScale Power in the 3rd quarter valued at approximately $54,000. Finally, CWM LLC lifted its stake in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares in the last quarter. 15.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NuScale Power

In related news, insider Robert K. Temple sold 5,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the sale, the insider now owns 14,054 shares in the company, valued at approximately $134,496.78. This represents a 26.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 409,051 shares of company stock worth $5,525,671 in the last 90 days. Corporate insiders own 1.96% of the company’s stock.

NuScale Power Trading Up 6.5 %

Shares of NuScale Power stock opened at $28.06 on Thursday. NuScale Power Co. has a 12-month low of $1.88 and a 12-month high of $31.97. The stock has a market cap of $7.17 billion, a P/E ratio of -29.54 and a beta of 1.12. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $18.11 and its 200-day moving average is $12.50.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SMR shares. Craig Hallum boosted their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. CLSA started coverage on NuScale Power in a research note on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.39.

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.