Janney Montgomery Scott LLC Makes New $202,000 Investment in NuScale Power Co. (NYSE:SMR)

Janney Montgomery Scott LLC bought a new position in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,274 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors purchased a new stake in shares of NuScale Power during the fourth quarter valued at about $439,000. Bouvel Investment Partners LLC purchased a new stake in shares of NuScale Power during the fourth quarter valued at about $973,000. Wolff Wiese Magana LLC lifted its position in shares of NuScale Power by 125,230.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 12,533 shares of the company’s stock valued at $225,000 after buying an additional 12,523 shares during the last quarter. MRA Advisory Group purchased a new stake in shares of NuScale Power during the fourth quarter valued at about $373,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of NuScale Power during the fourth quarter valued at about $301,000. 78.37% of the stock is currently owned by institutional investors.

Insider Activity at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the 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 completion of the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This trade 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 Performance

Shares of NuScale Power stock opened at $24.69 on Friday. The firm has a market capitalization of $6.30 billion, a P/E ratio of -25.98 and a beta of 1.51. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $22.11 and a 200 day moving average price of $17.50. NuScale Power Co. has a 52 week low of $2.47 and a 52 week high of $32.30.

Analysts Set New Price Targets

Separately, Craig Hallum increased their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power has an average rating of “Moderate Buy” and a consensus target price of $11.42.

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.