Tiemann Investment Advisors LLC Buys Shares of 15,500 NuScale Power Co. (NYSE:SMR)

Tiemann Investment Advisors LLC purchased a new position in NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,500 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMR. Charles Schwab Investment Management Inc. grew its position in NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock valued at $7,843,000 after acquiring an additional 460,487 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of NuScale Power by 319.9% in the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock worth $1,314,000 after purchasing an additional 86,454 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NuScale Power by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock worth $1,930,000 after purchasing an additional 111,812 shares during the last quarter. Stifel Financial Corp increased its stake in NuScale Power by 581.8% in the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock worth $1,371,000 after buying an additional 100,995 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in NuScale Power in the 3rd quarter valued at about $277,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Trading Down 1.9 %

NYSE:SMR opened at $15.65 on Monday. The firm has a 50-day simple moving average of $21.26 and a 200-day simple moving average of $18.69. NuScale Power Co. has a one year low of $3.79 and a one year high of $32.30. The firm has a market cap of $4.00 billion, a P/E ratio of -16.48 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction dated 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 $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, NuScale Power presently has an average 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.