Wealth Enhancement Advisory Services LLC Buys 1,396 Shares of NuScale Power Corporation $SMR

Wealth Enhancement Advisory Services LLC lifted its stake in shares of NuScale Power Corporation (NYSE:SMR) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,918 shares of the company’s stock after acquiring an additional 1,396 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NuScale Power were worth $748,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SMR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after acquiring an additional 1,705,411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NuScale Power by 20.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock worth $96,880,000 after purchasing an additional 1,153,158 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of NuScale Power during the 1st quarter worth about $14,271,000. Vanguard Group Inc. lifted its position in shares of NuScale Power by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company’s stock worth $126,598,000 after purchasing an additional 512,618 shares during the last quarter. Finally, TB Alternative Assets Ltd. acquired a new position in shares of NuScale Power during the 1st quarter worth about $5,938,000. Institutional investors own 78.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SMR shares. Northland Capmk raised NuScale Power to a “hold” rating in a research report on Monday, July 7th. Canaccord Genuity Group boosted their price objective on NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. BTIG Research cut NuScale Power from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of NuScale Power in a research report on Saturday, September 27th. Finally, UBS Group boosted their price objective on NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, NuScale Power presently has an average rating of “Hold” and an average price target of $36.67.

Insiders Place Their Bets

In other NuScale Power news, Director Corp Fluor sold 532,354 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $36.52, for a total value of $19,441,568.08. Following the sale, the director directly owned 3,424,278 shares in the company, valued at $125,054,632.56. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 11,624,569 shares of company stock valued at $468,599,880 in the last quarter. Corporate insiders own 1.27% of the company’s stock.

NuScale Power Price Performance

Shares of SMR stock opened at $40.03 on Friday. The stock’s fifty day simple moving average is $38.88 and its 200 day simple moving average is $31.47. NuScale Power Corporation has a one year low of $11.08 and a one year high of $53.50. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of -33.64 and a beta of 2.02.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share 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 company had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. On average, research analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current year.

About NuScale Power

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.