Steward Partners Investment Advisory LLC Takes Position in NuScale Power Co. (NYSE:SMR)

Steward Partners Investment Advisory LLC bought a new position in NuScale Power Co. (NYSE:SMR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 5,417 shares of the company’s stock, valued at approximately $97,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SMR. SBI Securities Co. Ltd. bought a new stake in NuScale Power during the 4th quarter worth about $282,000. Jones Financial Companies Lllp raised its holdings in NuScale Power by 672.3% in the 4th quarter. Jones Financial Companies Lllp now owns 15,399 shares of the company’s stock valued at $276,000 after acquiring an additional 13,405 shares during the period. Anfield Capital Management LLC raised its holdings in NuScale Power by 65.3% in the 4th quarter. Anfield Capital Management LLC now owns 4,196 shares of the company’s stock valued at $75,000 after acquiring an additional 1,658 shares during the period. US Bancorp DE raised its holdings in NuScale Power by 77.6% in the 4th quarter. US Bancorp DE now owns 8,247 shares of the company’s stock valued at $148,000 after acquiring an additional 3,604 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in NuScale Power in the 4th quarter valued at about $922,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 24,618 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power 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 transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. This represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock worth $12,840,747 over the last quarter. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.58.

NuScale Power Stock Performance

NYSE SMR opened at $17.60 on Tuesday. NuScale Power Co. has a 1 year low of $0.13 and a 1 year high of $32.30. 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 firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of -18.53 and a beta of 1.58. The firm’s 50 day simple moving average is $20.88 and its 200 day simple moving average is $19.03.

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.