Charles Schwab Investment Management Inc. Buys 58,135 Shares of NuScale Power Co. (NYSE:SMR)

Charles Schwab Investment Management Inc. raised its stake in NuScale Power Co. (NYSE:SMR) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 735,383 shares of the company’s stock after purchasing an additional 58,135 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.29% of NuScale Power worth $13,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMR. HighTower Advisors LLC raised its holdings in shares of NuScale Power by 7.3% during 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. Amalgamated Bank raised its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after acquiring an additional 986 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares in the last quarter. Anfield Capital Management LLC raised its holdings in NuScale Power by 65.3% in the fourth quarter. Anfield Capital Management LLC now owns 4,196 shares of the company’s stock worth $75,000 after purchasing an additional 1,658 shares in the last quarter. Finally, 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 worth $38,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling at NuScale Power

In related 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 720,682 shares of company stock worth $12,840,747 in the last quarter. 1.96% of the stock is owned by corporate insiders.

NuScale Power Stock Down 0.5 %

Shares of SMR opened at $18.11 on Friday. The business’s 50 day moving average is $20.68 and its 200 day moving average is $19.15. The company has a market capitalization of $5.11 billion, a PE ratio of -19.06 and a beta of 1.58. NuScale Power Co. has a 12-month low of $0.13 and a 12-month high of $32.30. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

Separately, UBS Group decreased their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th.

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.