PNC Financial Services Group Inc. Has $66,000 Stock Position in NuScale Power Co. (NYSE:SMR)

PNC Financial Services Group Inc. lifted its holdings in NuScale Power Co. (NYSE:SMR) by 2,980.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,696 shares of the company’s stock after acquiring an additional 3,576 shares during the period. PNC Financial Services Group Inc.’s holdings in NuScale Power were worth $66,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of 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 purchasing an additional 1,800 shares in the last quarter. Amalgamated Bank increased its stake in shares of NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after purchasing an additional 986 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of NuScale Power during the 4th quarter worth $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power during the 3rd quarter worth $44,000. 78.37% of the stock is owned by institutional investors.

NuScale Power Price Performance

NuScale Power stock opened at $17.07 on Thursday. NuScale Power Co. has a 52 week low of $0.13 and a 52 week high of $32.30. The company’s 50 day moving average price is $20.60 and its two-hundred day moving average price is $19.45. The stock has a market cap of $4.82 billion, a P/E ratio of -17.97 and a beta of 1.58. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the company’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 of the company’s stock, valued at $470,764.50. This trade represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research note 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.