Janney Montgomery Scott LLC Purchases Shares of 12,200 NuScale Power Co. (NYSE:SMR)

Janney Montgomery Scott LLC purchased a new stake in NuScale Power Co. (NYSE:SMR – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,200 shares of the company’s stock, valued at approximately $142,000.

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Several other institutional investors and hedge funds have also recently bought and sold shares of SMR. SailingStone Capital Partners LLC bought a new stake in NuScale Power in the 2nd quarter valued at $16,754,000. Macquarie Group Ltd. bought a new stake in shares of NuScale Power in the 2nd quarter worth about $10,090,000. Trek Financial LLC bought a new stake in shares of NuScale Power in the 2nd quarter worth about $1,805,000. State Street Corp bought a new stake in shares of NuScale Power in the 2nd quarter worth about $1,538,000. Finally, Northern Trust Corp bought a new stake in shares of NuScale Power in the 2nd quarter worth about $1,436,000.

Insiders Activity

In other news, General Counsel Robert K. Temple sold 38,371 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $11.45, for a total transaction of $439,347.95. Following the sale, the general counsel now directly owns 78,742 shares of the company’s stock, valued at $901,595.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NuScale Power news, major shareholder Energy New Technology In Green sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $11.33, for a total value of $793,100.00. Following the transaction, the insider now directly owns 4,196,142 shares of the company’s stock, valued at $47,542,288.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Robert K. Temple sold 38,371 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $11.45, for a total transaction of $439,347.95. Following the completion of the transaction, the general counsel now directly owns 78,742 shares in the company, valued at $901,595.90. The disclosure for this sale can be found here. Insiders have sold 369,631 shares of company stock valued at $4,208,076 over the last three months.

Wall Street Analyst Weigh In

Separately, UBS Group initiated coverage on shares of NuScale Power in a report on Tuesday, October 25th. They set a “neutral” rating and a $13.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

NuScale Power Stock Up 3.5%

NYSE SMR opened at $11.05 on Friday. The company has a 50-day moving average of $10.56 and a 200-day moving average of $11.97. NuScale Power Co. has a 1-year low of $8.87 and a 1-year high of $15.85.

NuScale Power (NYSE:SMR – Get Rating) last posted its quarterly earnings data on Friday, November 11th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $3.17 million for the quarter. Sell-side analysts expect that NuScale Power Co. will post -0.62 earnings per share for the current year.

NuScale Power Company Profile

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NuScale Power Corporation develops and sells 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, a water reactor that can generate 77 megawatts of electricity (MWe); The VOYGR-12 power plant that can generate 924 MWe; and four-module VOYGR-4 and six-module VOYGR-6 plants, as well as other configurations based on customer needs.

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Want to see what other hedge funds are holding SMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NuScale Power Co. (NYSE:SMR – Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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