Corient Private Wealth LLC Increases Stock Holdings in NuScale Power Co. (NYSE:SMR)

Corient Private Wealth LLC boosted its stake in NuScale Power Co. (NYSE:SMR) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,130 shares of the company’s stock after acquiring an additional 1,314 shares during the quarter. Corient Private Wealth LLC’s holdings in NuScale Power were worth $379,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp grew its stake in NuScale Power by 600.0% during 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. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power during the 3rd quarter valued at approximately $44,000. Amalgamated Bank increased its holdings in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of NuScale Power by 2,980.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company’s stock valued at $66,000 after purchasing an additional 3,576 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company’s 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 directly 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. Insiders have sold a total of 720,682 shares of company stock valued at $12,840,747 in the last quarter. Insiders own 1.96% of the company’s stock.

NuScale Power Stock Down 7.2 %

NYSE:SMR opened at $14.94 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of -15.73 and a beta of 1.58. NuScale Power Co. has a one year low of $4.61 and a one year high of $32.30. The stock has a 50-day simple moving average of $20.37 and a 200 day simple moving average of $19.63.

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.