Park Avenue Securities LLC Raises Stock Holdings in NuScale Power Co. (NYSE:SMR)

Park Avenue Securities LLC lifted its holdings in NuScale Power Co. (NYSE:SMR) by 122.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,451 shares of the company’s stock after purchasing an additional 20,039 shares during the period. Park Avenue Securities LLC’s holdings in NuScale Power were worth $516,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after purchasing an additional 635,271 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NuScale Power by 1.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company’s stock valued at $101,998,000 after purchasing an additional 89,949 shares during the period. Samsung C&T Corp bought a new position in NuScale Power during the 4th quarter worth about $46,745,000. Geode Capital Management LLC boosted its position in NuScale Power by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock valued at $35,249,000 after acquiring an additional 135,613 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of NuScale Power by 41.4% in the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after buying an additional 511,168 shares during the last quarter. 78.37% of the stock is owned by institutional investors.

Insider Activity at NuScale Power

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the 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 in the company, valued at approximately $7,810,211.91. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 26,345 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. Insiders have sold 128,278 shares of company stock valued at $2,286,280 over the last quarter. 1.27% of the stock is owned by insiders.

NuScale Power Trading Down 3.9%

Shares of SMR stock opened at $38.79 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a fifty-two week low of $6.88 and a fifty-two week high of $42.91. The stock has a market capitalization of $11.03 billion, a P/E ratio of -40.83 and a beta of 2.00. The company has a 50 day moving average price of $23.10 and a 200 day moving average price of $21.32.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. CLSA set a $41.00 target price on shares of NuScale Power and gave the stock an “outperform” rating in a research report on Tuesday, May 27th. UBS Group lifted their target price on shares of NuScale Power from $17.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. 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 objective on shares of NuScale Power and gave the company a “neutral” rating in a report on Tuesday, May 20th. Finally, Canaccord Genuity Group set a $35.00 target price on NuScale Power and gave the stock a “buy” rating in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, NuScale Power has a consensus rating of “Moderate Buy” and an average price target 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.