NuScale Power Co. (NYSE:SMR) Stock Position Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its stake in shares of NuScale Power Co. (NYSE:SMR) by 43.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,828 shares of the company’s stock after buying an additional 4,785 shares during the quarter. Avantax Advisory Services Inc.’s holdings in NuScale Power were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in NuScale Power by 313.8% during the fourth 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 in the last quarter. Toth Financial Advisory Corp increased its position in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power in the 3rd quarter worth $44,000. Amalgamated Bank raised its position in NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after acquiring an additional 986 shares in 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 and hedge funds.

Insider Buying and Selling

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction 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 in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 720,682 shares of company stock valued at $12,840,747. Corporate insiders own 1.96% of the company’s stock.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $18.67 on Wednesday. NuScale Power Co. has a 12 month low of $0.13 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. The stock has a market cap of $5.27 billion, a PE ratio of -19.65 and a beta of 1.58. The business has a fifty day simple moving average of $20.67 and a 200-day simple moving average of $19.47.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th.

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.