398,518 Shares in NuScale Power Corporation $SMR Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new stake in shares of NuScale Power Corporation (NYSE:SMR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 398,518 shares of the company’s stock, valued at approximately $14,347,000. Allianz Asset Management GmbH owned about 0.14% of NuScale Power as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Private Wealth Partners LLC grew its stake in NuScale Power by 39.4% in the 2nd quarter. Private Wealth Partners LLC now owns 23,000 shares of the company’s stock valued at $910,000 after buying an additional 6,500 shares during the last quarter. Intech Investment Management LLC lifted its position in 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 acquiring an additional 38,347 shares during the last quarter. Truist Financial Corp boosted its holdings in NuScale Power by 23.3% during the second quarter. Truist Financial Corp now owns 47,645 shares of the company’s stock valued at $1,885,000 after acquiring an additional 9,016 shares during the period. Black Swift Group LLC acquired a new stake in shares of NuScale Power in the second quarter valued at about $585,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of NuScale Power by 686.9% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,609 shares of the company’s stock valued at $6,646,000 after purchasing an additional 161,149 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SMR. Texas Capital raised NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Friday, January 9th. Royal Bank Of Canada set a $21.00 price objective on NuScale Power in a research report on Tuesday, January 20th. BNP Paribas Exane downgraded shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Zacks Research lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power presently has an average rating of “Hold” and a consensus price target of $33.19.

NuScale Power Trading Up 18.5%

SMR opened at $17.59 on Friday. The stock’s 50 day simple moving average is $18.22 and its 200-day simple moving average is $30.38. The stock has a market cap of $5.25 billion, a PE ratio of -6.15 and a beta of 2.14. NuScale Power Corporation has a 1 year low of $11.08 and a 1 year high of $57.42.

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

Insider Activity at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the transaction, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

NuScale Power Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.