Raymond James Financial Inc. acquired a new position in NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 153,639 shares of the company's stock, valued at approximately $2,755,000. Raymond James Financial Inc. owned 0.06% of NuScale Power as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMR. Arizona State Retirement System increased its holdings in shares of NuScale Power by 21.3% in the 4th quarter. Arizona State Retirement System now owns 24,739 shares of the company's stock valued at $444,000 after purchasing an additional 4,344 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in NuScale Power in the 4th quarter valued at approximately $800,000. Victory Capital Management Inc. lifted its position in NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock worth $191,000 after buying an additional 656 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NuScale Power by 8.6% during 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. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of NuScale Power in the fourth quarter worth $97,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, UBS Group reduced their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th.
Get Our Latest Stock Report on NuScale Power
NuScale Power Stock Performance
NYSE SMR traded up $0.49 during trading on Tuesday, hitting $14.65. The company's stock had a trading volume of 5,742,803 shares, compared to its average volume of 8,122,100. NuScale Power Co. has a 52 week low of $4.61 and a 52 week high of $32.30. The firm has a market cap of $4.14 billion, a P/E ratio of -15.42 and a beta of 1.58. The firm has a 50 day moving average price of $20.00 and a 200 day moving average price of $19.71. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.
Insider Buying and Selling
In related news, VP Jacqueline F. Engel sold 24,618 shares of the business's 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 transaction, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 completion of the sale, the chief financial officer now 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. Over the last quarter, insiders have sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is owned by company insiders.
NuScale Power Profile
(
Free Report)
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.
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