Thurston Springer Miller Herd & Titak Inc. Increases Stock Holdings in NuScale Power Corporation $SMR

Thurston Springer Miller Herd & Titak Inc. lifted its position in NuScale Power Corporation (NYSE:SMR) by 84.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 784 shares of the company’s stock after buying an additional 359 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in NuScale Power were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in NuScale Power by 6.1% in the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company’s stock valued at $126,598,000 after purchasing an additional 512,618 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NuScale Power by 20.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after acquiring an additional 1,153,158 shares during the last quarter. Swedbank AB grew its position in NuScale Power by 6.7% during the first quarter. Swedbank AB now owns 2,402,125 shares of the company’s stock valued at $34,014,000 after acquiring an additional 149,875 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in NuScale Power by 1,220.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after acquiring an additional 1,705,411 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in NuScale Power during the first quarter valued at approximately $14,271,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.39, for a total transaction of $808,164.34. Following the completion of the sale, the chief operating officer directly owned 90,864 shares in the company, valued at $4,033,452.96. The trade was a 16.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Corp Fluor sold 1,193,504 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $38.95, for a total value of $46,486,980.80. Following the transaction, the director owned 12,457,907 shares of the company’s stock, valued at $485,235,477.65. This represents a 8.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,590,940 shares of company stock worth $97,907,007 in the last three months. 1.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of NuScale Power in a report on Monday, June 23rd. They issued a “neutral” rating and a $46.00 target price on the stock. Canaccord Genuity Group raised their price objective on NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. BNP Paribas raised NuScale Power to a “hold” rating in a research report on Friday, July 25th. BNP Paribas Exane assumed coverage on NuScale Power in a research report on Friday, July 25th. They set a “neutral” rating and a $41.00 price objective for the company. Finally, CLSA set a $41.00 price target on shares of NuScale Power and gave the company an “outperform” rating in a research report on Tuesday, May 27th. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.09.

NuScale Power Stock Up 5.3%

SMR opened at $38.06 on Friday. The firm has a 50 day moving average price of $40.24 and a 200-day moving average price of $29.69. NuScale Power Corporation has a twelve month low of $9.20 and a twelve month high of $53.50. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of -31.98 and a beta of 2.03.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The company had revenue of $8.05 million for the quarter, compared to analysts’ expectations of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. As a group, analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current year.

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.