Kingswood Wealth Advisors LLC Invests $265,000 in NuScale Power Co. (NYSE:SMR)

Kingswood Wealth Advisors LLC purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,779 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also modified their holdings of SMR. Canal Insurance CO lifted its position in NuScale Power by 35.0% during the third quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after buying an additional 56,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of NuScale Power by 212.4% during 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 in the last quarter. Verition Fund Management LLC boosted its position in NuScale Power by 319.9% during the 3rd 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 period. JPMorgan Chase & Co. raised its position in NuScale Power by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock valued at $1,930,000 after purchasing an additional 111,812 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of NuScale Power by 581.8% during the third quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock worth $1,371,000 after purchasing an additional 100,995 shares in the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % 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 Price Performance

SMR stock opened at $23.84 on Friday. The company has a market capitalization of $6.09 billion, a PE ratio of -25.09 and a beta of 1.47. 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 stock’s 50 day moving average is $22.44 and its two-hundred day moving average is $16.70. NuScale Power Co. has a 52-week low of $2.45 and a 52-week high of $32.30.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The company had revenue of $0.48 million during the quarter, compared to the consensus estimate of $6.18 million. During the same period in the previous year, the firm posted ($0.26) EPS.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.