Janney Montgomery Scott LLC Invests $202,000 in NuScale Power Co. (NYSE:SMR)

Janney Montgomery Scott LLC acquired a new position in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,274 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NuScale Power during the 3rd quarter worth approximately $44,000. US Bancorp DE acquired a new stake in NuScale Power in the 3rd quarter valued at $54,000. CWM LLC grew its stake in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares during the period. Victory Capital Management Inc. acquired a new stake in NuScale Power in the 3rd quarter valued at $116,000. Finally, TRUE Private Wealth Advisors acquired a new stake in NuScale Power in the 3rd quarter valued at $117,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction 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 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. 1.96% of the stock is currently owned by insiders.

NuScale Power Trading Down 6.5 %

Shares of SMR stock opened at $24.69 on Friday. The stock’s fifty day moving average is $22.11 and its two-hundred day moving average is $17.50. 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 firm has a market capitalization of $6.30 billion, a P/E ratio of -25.98 and a beta of 1.51. NuScale Power Co. has a fifty-two week low of $2.47 and a fifty-two week high of $32.30.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lifted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.42.

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.