Wedbush Securities Inc. Has $5.70 Million Position in NuScale Power Co. (NYSE:SMR)

Wedbush Securities Inc. trimmed its holdings in shares of NuScale Power Co. (NYSE:SMR) by 0.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 317,831 shares of the company’s stock after selling 2,769 shares during the period. Wedbush Securities Inc.’s holdings in NuScale Power were worth $5,699,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new position in NuScale Power during the fourth quarter valued at approximately $22,823,000. Vanguard Group Inc. boosted its holdings in shares of NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after buying an additional 635,271 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after buying an additional 511,168 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after buying an additional 460,487 shares during the last quarter. Finally, Privium Fund Management B.V. bought a new stake in NuScale Power during the fourth quarter worth $6,455,000. Institutional investors own 78.37% of the company’s stock.

Insiders Place Their Bets

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares of the company’s stock, valued at $470,764.50. This trade represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,114 shares of company stock valued at $1,351,231 over the last ninety days. 1.96% of the stock is currently owned by company insiders.

NuScale Power Stock Down 11.1 %

SMR stock opened at $12.57 on Friday. NuScale Power Co. has a 1-year low of $4.61 and a 1-year high of $32.30. The business’s 50 day simple moving average is $19.18 and its 200 day simple moving average is $19.66. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3.55 billion, a PE ratio of -13.23 and a beta of 1.58.

Wall Street Analyst Weigh In

Separately, UBS Group decreased 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.

NuScale Power Company 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.