Focus Partners Wealth Invests $403,000 in NuScale Power Co. (NYSE:SMR)

Focus Partners Wealth bought a new position in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,397 shares of the company’s stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SMR. Vanguard Group Inc. increased its holdings in NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after buying an additional 635,271 shares during the last quarter. Samsung C&T Corp bought a new stake in NuScale Power in the fourth quarter valued at about $46,745,000. Geode Capital Management LLC increased its holdings in NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock valued at $35,249,000 after buying an additional 135,613 shares during the last quarter. Van ECK Associates Corp increased its holdings in NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after buying an additional 511,168 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of NuScale Power during the fourth quarter valued at approximately $22,823,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Stock Performance

SMR opened at $23.41 on Wednesday. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of -24.64 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 Co. has a 1-year low of $6.61 and a 1-year high of $32.30. The business has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $20.26.

NuScale Power (NYSE:SMR) last released its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.06. The firm had revenue of $13.38 million during the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. Research analysts predict that NuScale Power Co. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 26,345 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Clayton Scott sold 10,019 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $16.78, for a total value of $168,118.82. Following the completion of the sale, the insider now owns 86,965 shares of the company’s stock, valued at $1,459,272.70. The trade was a 10.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,392 shares of company stock valued at $3,138,221. Corporate insiders own 1.27% of the company’s stock.

Analyst Ratings Changes

SMR has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on NuScale Power in a report on Tuesday. They set a “neutral” rating and a $24.00 target price for the company. UBS Group lowered their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, BTIG Research reaffirmed a “buy” rating on shares of NuScale Power in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, NuScale Power presently has an average rating of “Moderate Buy” and an average price target of $17.83.

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.