Commonwealth Equity Services LLC Buys 60,616 Shares of NuScale Power Corporation $SMR

Commonwealth Equity Services LLC lifted its stake in shares of NuScale Power Corporation (NYSE:SMR) by 29.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 269,172 shares of the company’s stock after acquiring an additional 60,616 shares during the period. Commonwealth Equity Services LLC’s holdings in NuScale Power were worth $3,814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMR. Vanguard Group Inc. boosted its position in shares of NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after purchasing an additional 4,482,254 shares in the last quarter. Clear Street Group Inc. bought a new position in shares of NuScale Power during the 3rd quarter worth about $155,616,000. Samsung C&T Corp boosted its position in shares of NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after purchasing an additional 2,578,702 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of NuScale Power by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,287,814 shares of the company’s stock worth $190,362,000 after purchasing an additional 2,125,250 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after purchasing an additional 1,705,411 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

Insider Activity at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $12.07, for a total transaction of $162,945,000.00. Following the transaction, the director owned 26,436,472 shares of the company’s stock, valued at $319,088,217.04. This trade represents a 33.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 39,936,472 shares of company stock worth $472,831,169. 1.28% of the stock is owned by company insiders.

NuScale Power Stock Performance

Shares of NYSE SMR opened at $10.76 on Tuesday. NuScale Power Corporation has a fifty-two week low of $8.85 and a fifty-two week high of $57.42. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -3.68 and a beta of 2.20. The firm’s 50-day simple moving average is $11.48 and its 200 day simple moving average is $14.66.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm had revenue of $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power’s quarterly revenue was down 95.8% on a year-over-year basis. On average, sell-side analysts predict that NuScale Power Corporation will post -0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

SMR has been the topic of a number of research analyst reports. B. Riley Financial cut their price objective on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Barclays dropped their price target on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Bank of America began coverage on shares of NuScale Power in a research report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price target on the stock. The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a research report on Friday, May 8th. Finally, Citigroup dropped their price target on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.92.

About NuScale Power

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.