Financial Advocates Investment Management Makes New Investment in NuScale Power Co. (NYSE:SMR)

Financial Advocates Investment Management acquired a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,462 shares of the company's stock, valued at approximately $474,000.

Other large investors have also modified their holdings of the company. Catalina Capital Group LLC raised its holdings in NuScale Power by 6.8% in the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock valued at $146,000 after acquiring an additional 809 shares in the last quarter. HighTower Advisors LLC raised its holdings 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 acquiring an additional 820 shares in the last quarter. Indie Asset Partners LLC raised its holdings in NuScale Power by 7.1% in the third quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock valued at $218,000 after acquiring an additional 1,250 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in NuScale Power in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company's stock, valued at $110,229. The trade was a 82.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by corporate insiders.

NuScale Power Stock Up 2.2 %

SMR stock traded up $0.57 during midday trading on Wednesday, reaching $26.43. 9,206,108 shares of the company were exchanged, compared to its average volume of 12,559,014. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a 1-year low of $2.47 and a 1-year high of $32.30. The stock's 50-day simple moving average is $22.07 and its 200 day simple moving average is $17.39. The company has a market cap of $6.75 billion, a price-to-earnings ratio of -27.82 and a beta of 1.51.

Analysts Set New Price Targets

Separately, Craig Hallum raised their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, NuScale Power presently has an average rating of "Moderate Buy" and an average price target of $11.42.

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.