Baird Financial Group Inc. Has $11.49 Million Stock Position in NuScale Power Corporation $SMR

Baird Financial Group Inc. lessened its stake in NuScale Power Corporation (NYSE:SMR) by 29.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,529 shares of the company’s stock after selling 122,978 shares during the quarter. Baird Financial Group Inc. owned about 0.10% of NuScale Power worth $11,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Harbour Investments Inc. grew its stake in shares of NuScale Power by 21.3% during the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after purchasing an additional 203 shares during the last quarter. D.A. Davidson & CO. boosted its position in NuScale Power by 1.0% in the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock valued at $824,000 after buying an additional 212 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of NuScale Power by 14.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,641 shares of the company’s stock valued at $95,000 after buying an additional 341 shares during the period. Rothschild Investment LLC raised its position in shares of NuScale Power by 45.2% during the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock worth $45,000 after acquiring an additional 350 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NuScale Power by 84.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after acquiring an additional 359 shares during the last quarter. 78.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on SMR shares. UBS Group set a $20.00 price target on NuScale Power in a report on Tuesday, November 25th. BNP Paribas Exane cut shares of NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. Bank of America restated an “underperform” rating and issued a $34.00 price objective (down from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Wall Street Zen lowered shares of NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Canaccord Genuity Group upped their target price on shares of NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, NuScale Power currently has a consensus rating of “Reduce” and an average price target of $36.12.

NuScale Power Stock Performance

Shares of SMR opened at $21.33 on Monday. The firm has a market capitalization of $6.37 billion, a PE ratio of -7.46 and a beta of 2.09. The stock has a 50 day simple moving average of $32.61 and a 200 day simple moving average of $36.50. NuScale Power Corporation has a 52-week low of $11.08 and a 52-week high of $57.42.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The company had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same quarter last year, the company earned ($0.18) EPS. The firm’s quarterly revenue was up 1635.2% compared to the same quarter last year. Equities research 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 2,372,563 shares of NuScale Power stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $43.99, for a total value of $104,369,046.37. Following the sale, the director owned 10,085,344 shares of the company’s stock, valued at $443,654,282.56. This trade represents a 19.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 15,000,000 shares of company stock worth $604,862,902. 1.20% of the stock is currently owned by corporate 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.