14,779 Shares in NuScale Power Co. (NYSE:SMR) Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC acquired a new position in NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,779 shares of the company's stock, valued at approximately $265,000.

Several other institutional investors have also added to or reduced their stakes in SMR. Toth Financial Advisory Corp increased its stake 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power in the third quarter valued at approximately $44,000. US Bancorp DE bought a new position in NuScale Power in the 3rd quarter worth about $54,000. CWM LLC increased its holdings in shares of NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after purchasing an additional 5,191 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in NuScale Power in the third quarter valued at approximately $116,000. 78.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum increased their price objective on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.42.

Insider Buying and Selling

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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 directly owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the business's 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 completion of the sale, the vice president now owns 3,801 shares in the company, valued at $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

NuScale Power Stock Up 7.3 %

NYSE:SMR traded up $1.69 during trading hours on Wednesday, reaching $24.67. The company's stock had a trading volume of 15,108,618 shares, compared to its average volume of 12,575,303. NuScale Power Co. has a 12 month low of $2.45 and a 12 month high of $32.30. The stock has a 50 day moving average price of $22.29 and a two-hundred day moving average price of $16.88. The company has a market capitalization of $6.30 billion, a P/E ratio of -25.96 and a beta of 1.51. 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 (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) EPS for the quarter. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The company had revenue of $0.48 million during the quarter, compared to analysts' expectations of $6.18 million. During the same period in the previous year, the business earned ($0.26) earnings per share.

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.