Baird Financial Group Inc. Boosts Stake in NuScale Power Co. (NYSE:SMR)

Baird Financial Group Inc. increased its stake in shares of NuScale Power Co. (NYSE:SMR) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,055 shares of the company’s stock after buying an additional 2,954 shares during the quarter. Baird Financial Group Inc. owned about 0.16% of NuScale Power worth $7,173,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP purchased a new stake in NuScale Power in the fourth quarter valued at approximately $42,000. Amalgamated Bank increased its holdings in NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in NuScale Power by 2,980.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company’s stock worth $66,000 after buying an additional 3,576 shares during the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on SMR. UBS Group dropped their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. BTIG Research began coverage on NuScale Power in a research report on Friday, April 11th. They set a “buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.60.

Insiders Place Their Bets

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares of the company’s stock, valued at $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Lawrence Hopkins sold 34,675 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $17.00, for a total transaction of $589,475.00. Following the completion of the transaction, the chief executive officer now directly owns 49,019 shares in the company, valued at $833,323. This represents a 41.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,373 shares of company stock worth $2,135,335. Company insiders own 1.96% of the company’s stock.

NuScale Power Stock Performance

SMR opened at $16.91 on Friday. The firm has a fifty day moving average price of $16.00 and a 200 day moving average price of $20.11. NuScale Power Co. has a 1 year low of $5.58 and a 1 year high of $32.30. The stock has a market cap of $4.78 billion, a P/E ratio of -17.80 and a beta of 1.62. 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 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.