Evanson Asset Management LLC Cuts Stake in NuScale Power Co. (NYSE:SMR)

Evanson Asset Management LLC decreased its position in NuScale Power Co. (NYSE:SMR) by 65.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the company’s stock after selling 21,000 shares during the period. Evanson Asset Management LLC’s holdings in NuScale Power were worth $197,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power during the third quarter valued at approximately $44,000. US Bancorp DE bought a new stake in shares of NuScale Power in the 3rd quarter worth $54,000. CWM LLC lifted its holdings in shares of NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after purchasing an additional 5,191 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of NuScale Power during the third quarter valued at $116,000. Finally, TRUE Private Wealth Advisors bought a new stake in NuScale Power in the 3rd quarter worth about $117,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NuScale Power

In related news, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’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 value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly 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. 1.96% of the stock is currently owned by company insiders.

NuScale Power Price Performance

Shares of NYSE:SMR opened at $22.01 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a twelve month low of $1.88 and a twelve month high of $32.30. The stock has a market capitalization of $5.62 billion, a PE ratio of -23.17 and a beta of 1.47. The firm’s 50 day moving average price is $22.74 and its 200-day moving average price is $16.07.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

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.