Wolff Wiese Magana LLC Has $225,000 Holdings in NuScale Power Co. (NYSE:SMR)

Wolff Wiese Magana LLC boosted its holdings in shares of NuScale Power Co. (NYSE:SMR) by 125,230.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,533 shares of the company’s stock after purchasing an additional 12,523 shares during the period. Wolff Wiese Magana LLC’s holdings in NuScale Power were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power during the third quarter worth $44,000. US Bancorp DE acquired a new stake in shares of NuScale Power in the 3rd quarter valued at about $54,000. CWM LLC lifted its holdings in shares of NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after purchasing an additional 5,191 shares in the last quarter. Quest Partners LLC acquired a new position in shares of NuScale Power during the second quarter worth about $115,000. Finally, Victory Capital Management Inc. bought a new position in shares of NuScale Power during the third quarter worth about $116,000. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Trading Up 8.2 %

Shares of NuScale Power stock opened at $20.80 on Wednesday. NuScale Power Co. has a 12-month low of $1.88 and a 12-month high of $32.30. 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 $22.86 and its 200-day moving average is $15.79. The stock has a market cap of $5.31 billion, a P/E ratio of -21.89 and a beta of 1.47.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 18,186 shares of the business’s 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 sale, the vice president now owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

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