US Bancorp DE Has $155,000 Holdings in NuScale Power Corporation (NYSE:SMR)

US Bancorp DE grew its position in NuScale Power Corporation (NYSE:SMR) by 33.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,969 shares of the company’s stock after purchasing an additional 2,722 shares during the period. US Bancorp DE’s holdings in NuScale Power were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMR. Samsung C&T Corp bought a new position in NuScale Power in the fourth quarter valued at approximately $46,745,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of NuScale Power in the first quarter valued at about $14,271,000. Alyeska Investment Group L.P. bought a new position in NuScale Power during the fourth quarter worth about $7,628,000. TB Alternative Assets Ltd. bought a new position in NuScale Power during the first quarter worth about $5,938,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of NuScale Power in the fourth quarter valued at approximately $4,273,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Activity

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.39, for a total transaction of $808,164.34. Following the transaction, the chief operating officer owned 90,864 shares in the company, valued at approximately $4,033,452.96. This represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.27% of the stock is currently owned by corporate insiders.

NuScale Power Trading Down 1.4%

Shares of NuScale Power stock opened at $35.44 on Friday. The business has a 50-day moving average price of $41.30 and a two-hundred day moving average price of $27.45. NuScale Power Corporation has a 1-year low of $6.88 and a 1-year high of $53.50. The company has a market cap of $10.08 billion, a P/E ratio of -29.78 and a beta of 2.06.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The firm had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. Equities research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMR has been the topic of several analyst reports. Northland Capmk upgraded shares of NuScale Power to a “hold” rating in a research report on Monday, July 7th. BNP Paribas Exane initiated coverage on shares of NuScale Power in a research report on Friday, July 25th. They issued a “neutral” rating and a $41.00 target price on the stock. Northland Securities assumed coverage on NuScale Power in a report on Monday, July 7th. They set a “market perform” rating and a $35.00 price target on the stock. BNP Paribas upgraded shares of NuScale Power to a “hold” rating in a report on Friday, July 25th. Finally, BTIG Research downgraded NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.44.

NuScale Power 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.