Jones Financial Companies Lllp Purchases 13,405 Shares of NuScale Power Co. (NYSE:SMR)

Jones Financial Companies Lllp raised its holdings in NuScale Power Co. (NYSE:SMR) by 672.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,399 shares of the company’s stock after buying an additional 13,405 shares during the period. Jones Financial Companies Lllp’s holdings in NuScale Power were worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMR. Venturi Wealth Management LLC raised its stake in NuScale Power by 313.8% in the 4th 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 period. Toth Financial Advisory Corp raised its position in shares of NuScale Power by 600.0% in the fourth 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power in the 3rd quarter valued at about $44,000. Amalgamated Bank raised its holdings in 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 acquiring an additional 986 shares during the period. Finally, US Bancorp DE bought a new position in NuScale Power in the 3rd quarter valued at about $54,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Down 1.6 %

Shares of SMR opened at $15.95 on Thursday. The firm’s 50 day moving average is $21.11 and its 200-day moving average is $18.77. NuScale Power Co. has a 12 month low of $3.79 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. The stock has a market capitalization of $4.07 billion, a PE ratio of -16.78 and a beta of 1.58.

Insiders Place Their Bets

In related news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power 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 of the company’s stock, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 720,682 shares of company stock worth $12,840,747 in the last 90 days. Company insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price target on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.58.

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.