15,500 Shares in NuScale Power Co. (NYSE:SMR) Acquired by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,500 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also made changes to their positions in SMR. PNC Financial Services Group Inc. increased its holdings in shares of NuScale Power by 2,980.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company’s stock valued at $66,000 after purchasing an additional 3,576 shares during the period. Raymond James Financial Inc. purchased a new stake in NuScale Power in the 4th quarter worth approximately $2,755,000. Arizona State Retirement System grew its position in NuScale Power by 21.3% during the fourth quarter. Arizona State Retirement System now owns 24,739 shares of the company’s stock valued at $444,000 after buying an additional 4,344 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of NuScale Power during the 4th quarter valued at about $800,000. Finally, Victory Capital Management Inc. grew its stake in NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after acquiring an additional 656 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Trading Down 1.9 %

NYSE SMR opened at $15.65 on Monday. The stock has a market capitalization of $4.00 billion, a P/E ratio of -16.48 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a 12 month low of $3.79 and a 12 month high of $32.30. The firm’s 50-day moving average is $21.26 and its two-hundred day moving average is $18.69.

Insider Transactions at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction 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 sale, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power 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 completion of the transaction, the vice president now owns 1,149 shares of the company’s stock, valued at $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.58.

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.