Harbour Capital Advisors LLC Invests $301,000 in NuScale Power Co. (NYSE:SMR)

Harbour Capital Advisors LLC purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, Holdings Channel.com reports. The fund purchased 16,780 shares of the company’s stock, valued at approximately $301,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of NuScale Power by 97.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock worth $3,256,000 after buying an additional 137,382 shares during the last quarter. Principal Financial Group Inc. bought a new position in NuScale Power in the 2nd quarter valued at $123,000. Commonwealth Equity Services LLC increased its position in shares of NuScale Power by 85.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 78,411 shares of the company’s stock valued at $917,000 after purchasing an additional 36,236 shares during the last quarter. Rhumbline Advisers raised its stake in shares of NuScale Power by 62.9% during the 2nd quarter. Rhumbline Advisers now owns 104,341 shares of the company’s stock worth $1,220,000 after purchasing an additional 40,305 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of NuScale Power in the 2nd quarter worth about $115,000. 78.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum lifted their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.39.

Insiders Place Their Bets

In other news, insider Robert K. Temple sold 115,866 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $255,782.80. This represents a 89.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction 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. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 798,620 shares of company stock valued at $14,624,962 over the last quarter. 1.96% of the stock is owned by corporate insiders.

NuScale Power Stock Down 6.5 %

SMR opened at $18.83 on Tuesday. The stock has a market cap of $4.81 billion, a PE ratio of -19.82 and a beta of 1.47. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 52 week low of $1.88 and a 52 week high of $32.30. The business’s fifty day simple moving average is $22.85 and its 200 day simple moving average is $15.73.

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.