KBC Group NV Invests $70,000 in NuScale Power Co. (NYSE:SMR)

KBC Group NV acquired a new stake in NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,912 shares of the company’s stock, valued at approximately $70,000.

Other large investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in NuScale Power during the fourth quarter worth approximately $67,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of NuScale Power during the fourth quarter worth $265,000. Toth Financial Advisory Corp grew its position in shares of NuScale Power by 600.0% in the fourth 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 period. Exchange Traded Concepts LLC increased its stake in NuScale Power by 291.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 292,833 shares of the company’s stock valued at $5,250,000 after purchasing an additional 217,998 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in NuScale Power during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NuScale Power Price Performance

Shares of NuScale Power stock opened at $27.43 on Tuesday. The stock has a market capitalization of $7.00 billion, a P/E ratio of -28.87 and a beta of 1.51. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $22.05 and its 200 day moving average price is $17.29. NuScale Power Co. has a twelve month low of $2.47 and a twelve month high of $32.30.

Insider Activity

In related news, 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 completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

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.