HighTower Advisors LLC Buys 6,175 Shares of NuScale Power Co. (NYSE:SMR)

HighTower Advisors LLC grew its stake in shares of NuScale Power Co. (NYSE:SMR) by 51.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,283 shares of the company’s stock after acquiring an additional 6,175 shares during the period. HighTower Advisors LLC’s holdings in NuScale Power were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted 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 purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after buying an additional 1,800 shares in the last quarter. Amalgamated Bank boosted its position in shares of NuScale Power by 51.8% in 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 during the period. PNC Financial Services Group Inc. grew its stake in shares of NuScale Power by 2,980.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company’s stock valued at $66,000 after acquiring an additional 3,576 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in NuScale Power during the fourth quarter worth about $67,000. Institutional investors own 78.37% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group cut their price objective on shares of 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 Stock Performance

SMR opened at $14.65 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a 52-week low of $4.61 and a 52-week high of $32.30. The firm has a market cap of $4.14 billion, a P/E ratio of -15.42 and a beta of 1.58. The business’s fifty day moving average is $20.00 and its 200-day moving average is $19.71.

Insider Buying and Selling

In related news, 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 sale, the chief financial officer now directly owns 29,985 shares in the company, valued at $470,764.50. This represents a 51.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 sold 720,682 shares of company stock valued at $12,840,747 over the last quarter. 1.96% of the stock is owned by company insiders.

NuScale Power 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.