Benjamin Edwards Inc. Invests $277,000 in NuScale Power Co. (NYSE:SMR)

Benjamin Edwards Inc. acquired a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,940 shares of the company's stock, valued at approximately $277,000.

A number of other institutional investors also recently bought and sold shares of SMR. Van ECK Associates Corp raised its stake in shares of NuScale Power by 90.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock valued at $14,307,000 after acquiring an additional 585,292 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after buying an additional 460,487 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NuScale Power by 57.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock valued at $4,074,000 after buying an additional 128,012 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NuScale Power by 97.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company's stock valued at $3,256,000 after buying an additional 137,382 shares during the period. Finally, TimesSquare Capital Management LLC acquired a new position in NuScale Power during the 3rd quarter worth about $2,895,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Stock Down 7.6 %

Shares of NuScale Power stock traded down $1.82 during trading on Tuesday, hitting $22.12. 9,008,498 shares of the stock were exchanged, compared to its average volume of 6,470,177. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm's 50-day moving average price is $21.04 and its 200 day moving average price is $13.83. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of -23.28 and a beta of 1.33. NuScale Power Co. has a 12-month low of $1.88 and a 12-month high of $32.30.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 144,627 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the sale, the insider now owns 14,054 shares of the company's stock, valued at approximately $153,188.60. This trade represents a 91.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the sale, the vice president now owns 3,801 shares of the company's stock, valued at $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,237 shares of company stock worth $6,053,065 over the last ninety days. Corporate insiders own 1.96% of the company's stock.

Wall Street Analyst Weigh In

SMR has been the subject of several research reports. Craig Hallum lifted their target price on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an "outperform" rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, NuScale Power presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.39.

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.