Raymond James Financial Inc. Takes $2.76 Million Position in NuScale Power Co. (NYSE:SMR)

Raymond James Financial Inc. bought a new position in NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 153,639 shares of the company's stock, valued at approximately $2,755,000. Raymond James Financial Inc. owned 0.06% of NuScale Power at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted 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 period. Toth Financial Advisory Corp lifted 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 valued at $38,000 after acquiring an additional 1,800 shares during the last quarter. Twin Tree Management LP bought a new position in shares of NuScale Power during the 4th quarter valued at about $42,000. Amalgamated Bank grew its stake in shares of 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 last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of NuScale Power by 2,980.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after purchasing an additional 3,576 shares in the last quarter. 78.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction, the vice president now 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. In the last 90 days, insiders sold 89,114 shares of company stock valued at $1,351,231. Company insiders own 1.96% of the company's stock.

NuScale Power Trading Up 3.0 %

Shares of NuScale Power stock traded up $0.52 during trading on Friday, hitting $17.63. The stock had a trading volume of 4,617,962 shares, compared to its average volume of 8,304,822. NuScale Power Co. has a 1 year low of $5.50 and a 1 year high of $32.30. The stock has a 50 day simple moving average of $15.98 and a 200 day simple moving average of $20.13. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.98 billion, a PE ratio of -18.56 and a beta of 1.64.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BTIG Research started coverage on shares of NuScale Power in a report on Friday, April 11th. They set a "buy" rating and a $20.00 target price for the company. UBS Group reduced their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.60.

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.