NBC Securities Inc. Acquires 3,309 Shares of NuScale Power Co. (NYSE:SMR)

NBC Securities Inc. increased its holdings in NuScale Power Co. (NYSE:SMR) by 165,450.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,311 shares of the company’s stock after buying an additional 3,309 shares during the period. NBC Securities Inc.’s holdings in NuScale Power were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Kaizen Financial Strategies bought a new position in NuScale Power in the first quarter worth approximately $204,000. Rhumbline Advisers grew its holdings in NuScale Power by 12.8% in the first quarter. Rhumbline Advisers now owns 125,708 shares of the company’s stock worth $1,780,000 after purchasing an additional 14,304 shares during the last quarter. Parallel Advisors LLC grew its holdings in NuScale Power by 6.8% in the first quarter. Parallel Advisors LLC now owns 61,490 shares of the company’s stock worth $871,000 after purchasing an additional 3,903 shares during the last quarter. GAMMA Investing LLC grew its holdings in NuScale Power by 5,590.4% in the first quarter. GAMMA Investing LLC now owns 15,364 shares of the company’s stock worth $218,000 after purchasing an additional 15,094 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in NuScale Power by 17.9% in the fourth quarter. California State Teachers Retirement System now owns 79,687 shares of the company’s stock worth $1,429,000 after purchasing an additional 12,070 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

NuScale Power Price Performance

Shares of SMR opened at $40.29 on Friday. NuScale Power Co. has a 1-year low of $6.88 and a 1-year high of $42.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $11.46 billion, a PE ratio of -42.41 and a beta of 2.00. The company’s fifty day moving average price is $22.60 and its 200-day moving average price is $21.29.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The company had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. On average, equities research analysts predict that NuScale Power Co. will post -0.73 EPS for the current year.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares of the company’s stock, valued at approximately $7,810,211.91. This represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 22,674 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $16.74, for a total transaction of $379,562.76. Following the completion of the sale, the chief executive officer now directly owns 26,345 shares in the company, valued at approximately $441,015.30. The trade was a 46.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,278 shares of company stock valued at $2,286,280. 1.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SMR has been the topic of several analyst reports. BTIG Research reaffirmed a “buy” rating on shares of NuScale Power in a report on Tuesday, May 13th. The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the stock a “neutral” rating in a report on Tuesday, May 20th. Canaccord Genuity Group set a $35.00 price objective on shares of NuScale Power and gave the company a “buy” rating in a report on Thursday, May 29th. CLSA set a $41.00 price objective on shares of NuScale Power and gave the company an “outperform” rating in a report on Tuesday, May 27th. Finally, UBS Group boosted their price objective on shares of NuScale Power from $17.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.