Teacher Retirement System of Texas Sells 1,374 Shares of NuScale Power Corporation $SMR

Teacher Retirement System of Texas reduced its holdings in shares of NuScale Power Corporation (NYSE:SMR) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,080 shares of the company’s stock after selling 1,374 shares during the quarter. Teacher Retirement System of Texas’ holdings in NuScale Power were worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new position in NuScale Power in the 2nd quarter worth about $3,065,000. First Command Advisory Services Inc. bought a new stake in shares of NuScale Power in the second quarter worth approximately $71,000. Pasadena Private Wealth LLC bought a new stake in shares of NuScale Power in the second quarter worth approximately $232,000. Envestnet Asset Management Inc. purchased a new position in shares of NuScale Power during the second quarter valued at approximately $636,000. Finally, Nisa Investment Advisors LLC lifted its position in NuScale Power by 77.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,929 shares of the company’s stock valued at $116,000 after purchasing an additional 1,282 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Stock Performance

NYSE SMR opened at $40.82 on Tuesday. The business’s fifty day moving average is $39.36 and its 200 day moving average is $35.68. NuScale Power Corporation has a fifty-two week low of $11.08 and a fifty-two week high of $57.42. The company has a market capitalization of $11.63 billion, a PE ratio of -34.30 and a beta of 2.03.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SMR shares. Royal Bank Of Canada assumed coverage on shares of NuScale Power in a research report on Monday, September 15th. They issued a “sector perform” rating and a $35.00 target price for the company. Barclays initiated coverage on NuScale Power in a research note on Monday, September 29th. They issued an “equal weight” rating and a $45.00 price target on the stock. Cantor Fitzgerald started coverage on NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price objective for the company. Northland Capmk raised NuScale Power to a “hold” rating in a report on Monday, July 7th. Finally, BNP Paribas downgraded NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $37.73.

Insider Buying and Selling

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 15,030,641 shares of company stock worth $605,953,415. 1.96% of the stock is currently owned by company insiders.

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.