Clear Creek Financial Management LLC Acquires 10,830 Shares of NuScale Power Co. (NYSE:SMR)

Clear Creek Financial Management LLC boosted its holdings in shares of NuScale Power Co. (NYSE:SMR) by 93.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,442 shares of the company’s stock after buying an additional 10,830 shares during the quarter. Clear Creek Financial Management LLC’s holdings in NuScale Power were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Canal Insurance CO increased its stake in shares of NuScale Power by 35.0% in the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock worth $2,501,000 after purchasing an additional 56,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NuScale Power by 212.4% during the third 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 during the period. Verition Fund Management LLC increased its position in NuScale Power by 319.9% in the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock worth $1,314,000 after buying an additional 86,454 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of NuScale Power by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock worth $1,930,000 after buying an additional 111,812 shares during the period. Finally, Stifel Financial Corp lifted its position in shares of NuScale Power by 581.8% during the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock valued at $1,371,000 after buying an additional 100,995 shares in the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

NuScale Power Trading Up 1.1 %

SMR stock opened at $23.84 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a 1-year low of $2.45 and a 1-year high of $32.30. The business has a 50 day simple moving average of $22.44 and a two-hundred day simple moving average of $16.72. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of -25.09 and a beta of 1.47.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $0.48 million for the quarter, compared to the consensus estimate of $6.18 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. During the same quarter in the prior year, the company posted ($0.26) EPS.

Analyst Ratings Changes

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