Rakuten Securities Inc. Purchases New Position in NuScale Power Co. (NYSE:SMR)

Rakuten Securities Inc. acquired a new position in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,490 shares of the company’s stock, valued at approximately $134,000.

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in NuScale Power by 6.6% during the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after purchasing an additional 656 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of NuScale Power by 7.3% during the third 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 last quarter. Amalgamated Bank increased its stake 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 buying an additional 986 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after buying an additional 1,500 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its position in NuScale Power by 65.3% during the 4th quarter. Anfield Capital Management LLC now owns 4,196 shares of the company’s stock worth $75,000 after buying an additional 1,658 shares in the last quarter. 78.37% of the stock is owned by institutional investors.

NuScale Power Trading Down 1.6 %

Shares of SMR opened at $15.95 on Thursday. The stock’s fifty day simple moving average is $21.11 and its 200-day simple moving average is $18.77. The firm has a market capitalization of $4.07 billion, a PE ratio of -16.78 and a beta of 1.58. NuScale Power Co. has a 12-month low of $3.79 and a 12-month high of $32.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In related news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.