HighTower Advisors LLC Buys 6,175 Shares of NuScale Power Co. (NYSE:SMR)

HighTower Advisors LLC grew its position in NuScale Power Co. (NYSE:SMR) by 51.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,283 shares of the company’s stock after acquiring an additional 6,175 shares during the period. HighTower Advisors LLC’s holdings in NuScale Power were worth $328,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp raised its holdings in NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after buying an additional 1,800 shares during the last quarter. Amalgamated Bank boosted its position in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares during the period. PNC Financial Services Group Inc. grew its holdings in NuScale Power by 2,980.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company’s stock worth $66,000 after acquiring an additional 3,576 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in NuScale Power in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group cut their price target on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th.

NuScale Power Stock Performance

Shares of SMR stock opened at $14.65 on Wednesday. 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 one year low of $4.61 and a one year high of $32.30. The business’s 50 day simple moving average is $20.00 and its 200 day simple moving average is $19.71. The stock has a market capitalization of $4.14 billion, a PE ratio of -15.42 and a beta of 1.58.

Insider Activity

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction dated 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 directly owns 34,675 shares of the company’s stock, valued at $625,537. The trade was a 95.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at $470,764.50. This represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is currently owned by insiders.

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.