Raymond James Financial Inc. Invests $2.76 Million in NuScale Power Co. (NYSE:SMR)

Raymond James Financial Inc. acquired a new position in NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 153,639 shares of the company’s stock, valued at approximately $2,755,000. Raymond James Financial Inc. owned about 0.06% of NuScale Power as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after acquiring an additional 635,271 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NuScale Power by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock worth $35,249,000 after acquiring an additional 135,613 shares during the last quarter. Van ECK Associates Corp increased its stake in NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after buying an additional 511,168 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in NuScale Power during the 4th quarter worth approximately $22,823,000. Finally, Charles Schwab Investment Management Inc. boosted its position in NuScale Power by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 735,383 shares of the company’s stock valued at $13,185,000 after buying an additional 58,135 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction dated Tuesday, March 4th. The stock was 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 $16,683.48. The trade was a 95.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares of the company’s stock, valued at $7,810,211.91. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,114 shares of company stock valued at $1,351,231 in the last ninety days. Insiders own 1.96% of the company’s stock.

NuScale Power Trading Up 1.9 %

NYSE:SMR opened at $16.97 on Tuesday. The firm has a market cap of $4.79 billion, a PE ratio of -17.86 and a beta of 1.64. The stock has a fifty day moving average price of $16.14 and a 200 day moving average price of $20.15. NuScale Power Co. has a 12-month low of $5.50 and a 12-month 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BTIG Research began coverage on NuScale Power in a research note on Friday, April 11th. They issued a “buy” rating and a $20.00 price objective on the stock. UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.60.

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.