NuScale Power (NYSE:SMR) Director Corp Fluor Sells 532,354 Shares

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 532,354 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $36.52, for a total transaction of $19,441,568.08. Following the completion of the transaction, the director owned 3,424,278 shares in the company, valued at $125,054,632.56. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Corp Fluor also recently made the following trade(s):

• On Tuesday, September 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The shares were sold at an average price of $36.72, for a total transaction of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total transaction of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total transaction of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The shares were sold at an average price of $37.67, for a total transaction of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The shares were sold at an average price of $40.49, for a total transaction of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The shares were sold at an average price of $42.69, for a total transaction of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The shares were sold at an average price of $44.84, for a total transaction of $54,394,013.96.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The shares were sold at an average price of $43.99, for a total transaction of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total transaction of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total transaction of $20,773,656.00.

NuScale Power Price Performance

NYSE SMR opened at $36.66 on Thursday. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of -30.81 and a beta of 2.02. The company’s fifty day moving average is $39.34 and its two-hundred day moving average is $31.16. NuScale Power Corporation has a 52-week low of $11.08 and a 52-week high of $53.50.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (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 analyst estimates 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, sell-side analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NuScale Power

Several institutional investors have recently added to or reduced their stakes in SMR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 valued at $26,127,000 after purchasing an additional 1,705,411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NuScale Power by 20.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after purchasing an additional 1,153,158 shares during the last quarter. Bank of America Corp DE lifted its holdings in NuScale Power by 80.9% during the 2nd quarter. Bank of America Corp DE now owns 2,333,248 shares of the company’s stock valued at $92,303,000 after purchasing an additional 1,043,676 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in NuScale Power during the 1st quarter valued at about $14,271,000. Finally, Man Group plc bought a new position in NuScale Power during the 2nd quarter valued at about $33,877,000. 78.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on SMR. Bank of America restated an “underperform” rating and issued a $34.00 price target (down from $38.00) on shares of NuScale Power in a research report on Tuesday. BNP Paribas Exane assumed coverage on shares of NuScale Power in a research report on Friday, July 25th. They issued a “neutral” rating and a $41.00 price target on the stock. UBS Group raised their price objective on shares of NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Northland Securities assumed coverage on shares of NuScale Power in a report on Monday, July 7th. They set a “market perform” rating and a $35.00 price objective for the company. Finally, BTIG Research downgraded shares of NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.67.

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.