Focus Partners Advisor Solutions LLC Purchases Shares of 6,848 NuScale Power Corporation $SMR

Focus Partners Advisor Solutions LLC purchased a new stake in NuScale Power Corporation (NYSE:SMR) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,848 shares of the company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of NuScale Power by 84.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after acquiring an additional 359 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after acquiring an additional 203 shares in the last quarter. Toth Financial Advisory Corp grew its stake in shares of NuScale Power by 185.0% in the second quarter. Toth Financial Advisory Corp now owns 1,710 shares of the company’s stock valued at $68,000 after acquiring an additional 1,110 shares in the last quarter. IFP Advisors Inc grew its stake in shares of NuScale Power by 55.7% in the second quarter. IFP Advisors Inc now owns 1,745 shares of the company’s stock valued at $69,000 after acquiring an additional 624 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in NuScale Power during the second quarter worth approximately $69,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Activity

In other news, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 15,048,847 shares of company stock worth $606,761,579. Company insiders own 1.27% of the company’s stock.

Analyst Ratings Changes

SMR has been the topic of a number of analyst reports. UBS Group increased their price target on NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Bank of America reissued an “underperform” rating and set a $34.00 price objective (down previously from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Cantor Fitzgerald began coverage on NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price objective on the stock. Northland Securities began coverage on NuScale Power in a report on Monday, July 7th. They set a “market perform” rating and a $35.00 price objective on the stock. Finally, BNP Paribas lowered NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $37.73.

NuScale Power Stock Up 5.8%

Shares of NuScale Power stock opened at $44.70 on Friday. The company has a market cap of $12.73 billion, a PE ratio of -37.56 and a beta of 2.02. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $57.42. The business has a 50 day moving average price of $39.26 and a 200-day moving average price of $35.22.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The company had revenue of $8.05 million during the quarter, compared to analysts’ expectations of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. As a group, research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

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.