MRA Advisory Group Invests $373,000 in NuScale Power Co. (NYSE:SMR)

MRA Advisory Group purchased a new stake in NuScale Power Co. (NYSE:SMR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,799 shares of the company’s stock, valued at approximately $373,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of NuScale Power by 97.3% during the second quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock valued at $3,256,000 after buying an additional 137,382 shares during the last quarter. Principal Financial Group Inc. bought a new stake in NuScale Power during the 2nd quarter worth approximately $123,000. Commonwealth Equity Services LLC raised its stake in shares of NuScale Power by 85.9% in the second quarter. Commonwealth Equity Services LLC now owns 78,411 shares of the company’s stock worth $917,000 after purchasing an additional 36,236 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of NuScale Power by 62.9% in the second quarter. Rhumbline Advisers now owns 104,341 shares of the company’s stock valued at $1,220,000 after purchasing an additional 40,305 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in NuScale Power during the second quarter worth $115,000. Institutional investors own 78.37% of the company’s stock.

Insider Activity

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert K. Temple sold 115,866 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total value of $2,108,761.20. Following the completion of the sale, the insider now owns 14,054 shares in the company, valued at approximately $255,782.80. The trade was a 89.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 798,620 shares of company stock valued at $14,624,962 in the last ninety days. 1.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

NuScale Power Stock Performance

Shares of SMR opened at $18.83 on Tuesday. The stock has a 50 day moving average of $22.85 and a 200 day moving average of $15.73. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12 month low of $1.88 and a 12 month high of $32.30. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of -19.82 and a beta of 1.47.

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.