Commonwealth Equity Services LLC Cuts Stake in NuScale Power Co. (NYSE:SMR)

Commonwealth Equity Services LLC lessened its holdings in NuScale Power Co. (NYSE:SMR) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,928 shares of the company’s stock after selling 11,610 shares during the period. Commonwealth Equity Services LLC owned approximately 0.08% of NuScale Power worth $3,549,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after purchasing an additional 460,487 shares in the last quarter. Verition Fund Management LLC grew its position in shares of NuScale Power by 319.9% during the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock worth $1,314,000 after buying an additional 86,454 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of NuScale Power by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock worth $1,930,000 after buying an additional 111,812 shares during the period. Stifel Financial Corp raised its holdings in NuScale Power by 581.8% in the third quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock valued at $1,371,000 after acquiring an additional 100,995 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in NuScale Power in the third quarter worth approximately $277,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Activity

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 720,682 shares of company stock worth $12,840,747. Corporate insiders own 1.96% of the company’s stock.

NuScale Power Stock Performance

Shares of SMR opened at $18.86 on Tuesday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of -19.85 and a beta of 1.58. NuScale Power Co. has a 52-week low of $0.13 and a 52-week high of $32.30. 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 stock has a 50 day moving average price of $20.68 and a 200 day moving average price of $19.39.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th.

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.