Federated Hermes Inc. Has $453,000 Stock Holdings in NuScale Power Co. (NYSE:SMR)

Federated Hermes Inc. boosted its holdings in NuScale Power Co. (NYSE:SMR - Free Report) by 994.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 25,272 shares of the company's stock after buying an additional 22,962 shares during the period. Federated Hermes Inc.'s holdings in NuScale Power were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC grew its position in shares of NuScale Power by 313.8% during 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 last quarter. Toth Financial Advisory Corp boosted its position in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP acquired a new stake in NuScale Power in the fourth quarter worth $42,000. Amalgamated Bank lifted its stake in NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of NuScale Power by 2,980.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock valued at $66,000 after acquiring an additional 3,576 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Robert Ramsey Hamady sold 31,496 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now owns 29,985 shares in the company, valued at $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,114 shares of company stock worth $1,351,231 in the last quarter. 1.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SMR. UBS Group reduced their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. BTIG Research initiated coverage on shares of NuScale Power in a research note on Friday, April 11th. They set a "buy" rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.60.

NuScale Power Price Performance

NYSE SMR traded up $0.11 on Friday, reaching $14.61. The company's stock had a trading volume of 4,114,985 shares, compared to its average volume of 8,239,175. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market cap of $4.13 billion, a PE ratio of -15.38 and a beta of 1.64. NuScale Power Co. has a 52 week low of $4.61 and a 52 week high of $32.30. The business has a 50-day moving average price of $17.06 and a 200 day moving average price of $19.91.

NuScale Power 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.