Charles Schwab Investment Management Inc. Raises Holdings in NuScale Power Co. (NYSE:SMR)

Charles Schwab Investment Management Inc. lifted its stake in NuScale Power Co. (NYSE:SMR) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 735,383 shares of the company’s stock after buying an additional 58,135 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NuScale Power were worth $13,185,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC raised its holdings in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares during the period. 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 worth $52,000 after purchasing an additional 986 shares during the period. Venturi Wealth Management LLC raised its holdings in NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the period. Anfield Capital Management LLC raised its holdings in NuScale Power by 65.3% in the 4th quarter. Anfield Capital Management LLC now owns 4,196 shares of the company’s stock worth $75,000 after purchasing an additional 1,658 shares during the period. Finally, Toth Financial Advisory Corp raised its holdings in NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Trading Down 0.5 %

SMR opened at $18.11 on Friday. NuScale Power Co. has a 52 week low of $0.13 and a 52 week high of $32.30. The business has a fifty day simple moving average of $20.68 and a 200-day simple moving average of $19.15. The firm has a market cap of $5.11 billion, a P/E ratio of -19.06 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 at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was 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 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 over the last ninety days. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their price target on 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 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.