Fox Hill Wealth Management Purchases 21,146 Shares of NuScale Power Co. (NYSE:SMR)

Fox Hill Wealth Management raised its position in NuScale Power Co. (NYSE:SMR) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,007 shares of the company’s stock after purchasing an additional 21,146 shares during the quarter. Fox Hill Wealth Management’s holdings in NuScale Power were worth $1,596,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SMR. Victory Capital Management Inc. bought a new position in NuScale Power in the third quarter valued at about $116,000. Quest Partners LLC raised its position in shares of NuScale Power by 52.4% during the third quarter. Quest Partners LLC now owns 14,950 shares of the company’s stock worth $173,000 after acquiring an additional 5,142 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of NuScale Power during the third quarter worth about $175,000. Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 460,487 shares during the last quarter. Finally, FORA Capital LLC bought a new position in shares of NuScale Power during the third quarter worth about $471,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Trading Down 5.5 %

Shares of SMR stock opened at $16.63 on Wednesday. The company has a market cap of $4.70 billion, a P/E ratio of -17.50 and a beta of 1.58. The stock has a 50 day simple moving average of $20.77 and a two-hundred day simple moving average of $19.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a fifty-two week low of $0.13 and a fifty-two week high of $32.30.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 of the company’s stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 720,682 shares of company stock worth $12,840,747. 1.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective on 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 research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and a consensus price target of $13.50.

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.