Orion Portfolio Solutions LLC Invests $182,000 in NuScale Power Co. (NYSE:SMR)

Orion Portfolio Solutions LLC acquired a new stake in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,130 shares of the company’s stock, valued at approximately $182,000.

Several other institutional investors and hedge funds have also modified their holdings of SMR. Victory Capital Management Inc. raised its holdings in NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after acquiring an additional 656 shares during the last quarter. HighTower Advisors LLC increased its stake in NuScale Power by 7.3% in the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock valued at $140,000 after purchasing an additional 820 shares during the last quarter. Amalgamated Bank lifted its position in NuScale Power by 51.8% during the fourth 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. Corient Private Wealth LLC boosted its stake in NuScale Power by 6.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock worth $379,000 after buying an additional 1,314 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price objective 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.

Insider Transactions at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’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 sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. This represents a 95.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the sale, the chief financial officer now owns 29,985 shares of the company’s stock, valued at approximately $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,114 shares of company stock worth $1,351,231. 1.96% of the stock is currently owned by company insiders.

NuScale Power Price Performance

SMR stock opened at $14.89 on Friday. The stock has a 50-day moving average price of $18.27 and a two-hundred day moving average price of $19.85. The company has a market cap of $4.20 billion, a PE ratio of -15.67 and a beta of 1.64. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12-month low of $4.61 and a 12-month high of $32.30.

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.