11,081 Shares in NuScale Power Corporation $SMR Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new stake in shares of NuScale Power Corporation (NYSE:SMR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,081 shares of the company’s stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Wealth Partners LLC raised its position in NuScale Power by 39.4% during the second quarter. Private Wealth Partners LLC now owns 23,000 shares of the company’s stock worth $910,000 after acquiring an additional 6,500 shares during the period. Intech Investment Management LLC raised its position in shares of NuScale Power by 72.3% during the 2nd quarter. Intech Investment Management LLC now owns 91,362 shares of the company’s stock worth $3,614,000 after purchasing an additional 38,347 shares during the last quarter. Truist Financial Corp lifted its stake in NuScale Power by 23.3% in the 2nd quarter. Truist Financial Corp now owns 47,645 shares of the company’s stock valued at $1,885,000 after buying an additional 9,016 shares in the last quarter. Black Swift Group LLC acquired a new stake in NuScale Power in the 2nd quarter worth about $585,000. Finally, Geode Capital Management LLC increased its stake in NuScale Power by 25.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,854,664 shares of the company’s stock worth $112,944,000 after buying an additional 574,295 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SMR. Wall Street Zen cut NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Cantor Fitzgerald assumed coverage on NuScale Power in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $55.00 price objective for the company. Royal Bank Of Canada decreased their price objective on NuScale Power from $35.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. Canaccord Genuity Group lifted their target price on shares of NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, Bank of America reiterated an “underperform” rating and issued a $34.00 target price (down from $38.00) on shares of NuScale Power in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, NuScale Power presently has a consensus rating of “Reduce” and a consensus price target of $36.12.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $20.07 on Friday. The business’s 50 day moving average price is $34.62 and its 200 day moving average price is $36.54. The company has a market cap of $5.99 billion, a price-to-earnings ratio of -7.02 and a beta of 2.03. NuScale Power Corporation has a one year low of $11.08 and a one year high of $57.42.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The company had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same period last year, the business earned ($0.18) earnings per share. The firm’s revenue was up 1635.2% compared to the same quarter last year. On average, analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of NuScale Power stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 15,000,000 shares of company stock worth $604,862,902 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

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.