NuScale Power Co. (NYSE:SMR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in NuScale Power Co. (NYSE:SMR) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,601 shares of the company’s stock after selling 14,595 shares during the period. SG Americas Securities LLC’s holdings in NuScale Power were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in NuScale Power by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,536,389 shares of the company’s stock worth $27,128,000 after purchasing an additional 204,505 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of NuScale Power by 54.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,219,262 shares of the company’s stock worth $15,774,000 after buying an additional 1,132,131 shares during the period. BlackRock Inc. lifted its position in shares of NuScale Power by 63.8% during the 2nd quarter. BlackRock Inc. now owns 3,167,555 shares of the company’s stock valued at $21,539,000 after buying an additional 1,233,898 shares in the last quarter. FMR LLC grew its stake in NuScale Power by 11.2% in the 3rd quarter. FMR LLC now owns 2,983,460 shares of the company’s stock valued at $14,619,000 after acquiring an additional 301,548 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in NuScale Power in the 2nd quarter worth $10,090,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SMR shares. Canaccord Genuity Group began coverage on shares of NuScale Power in a research note on Monday, January 29th. They set a “buy” rating and a $4.25 target price for the company. Wells Fargo & Company reiterated an “underweight” rating and set a $4.50 price objective (down from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. UBS Group raised their target price on NuScale Power from $2.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Finally, Canaccord Genuity Group boosted their price target on NuScale Power from $4.25 to $8.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, NuScale Power presently has an average rating of “Hold” and a consensus price target of $7.75.

NuScale Power Stock Down 0.8 %

Shares of NuScale Power stock opened at $4.85 on Monday. The firm has a market cap of $1.14 billion, a PE ratio of -6.06 and a beta of 1.06. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $11.21. The business’s fifty day simple moving average is $4.71 and its 200-day simple moving average is $3.73.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, March 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. The company had revenue of $4.56 million during the quarter, compared to analyst estimates of $1.75 million. As a group, equities analysts expect that NuScale Power Co. will post -0.41 earnings per share for the current year.

Insider Buying and Selling

In other NuScale Power news, CEO John Lawrence Hopkins sold 59,768 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $4.20, for a total value of $251,025.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.06% 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.