Philip James Wealth Mangement LLC Has $2.29 Million Holdings in NuScale Power Co. (NYSE:SMR)

Philip James Wealth Mangement LLC reduced its position in NuScale Power Co. (NYSE:SMR - Free Report) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 127,719 shares of the company's stock after selling 15,315 shares during the period. Philip James Wealth Mangement LLC owned about 0.05% of NuScale Power worth $2,290,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Catalina Capital Group LLC raised its stake in NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock worth $146,000 after purchasing an additional 809 shares in the last quarter. HighTower Advisors LLC raised its position in shares of 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 buying an additional 820 shares in the last quarter. Indie Asset Partners LLC raised its holdings in NuScale Power by 7.1% in the 3rd 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 4th 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 position in NuScale Power in the 4th quarter valued at $67,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jacqueline F. Engel sold 18,186 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company's 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 transaction, the chief executive officer now owns 34,675 shares of the company's stock, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company's stock.

NuScale Power Price Performance

SMR stock traded down $0.34 during midday trading on Thursday, reaching $20.80. The company had a trading volume of 10,230,537 shares, compared to its average volume of 12,262,692. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -21.89 and a beta of 1.51. The stock has a 50 day moving average price of $22.01 and a 200-day moving average price of $17.92. NuScale Power Co. has a 1-year low of $2.47 and a 1-year high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

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.