6,737 Shares in NuScale Power Corporation $SMR Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC acquired a new position in shares of NuScale Power Corporation (NYSE:SMR) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 6,737 shares of the company’s stock, valued at approximately $267,000.

Several other hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of NuScale Power in the fourth quarter worth approximately $207,000. GAMMA Investing LLC lifted its stake in shares of NuScale Power by 5,590.4% in the first quarter. GAMMA Investing LLC now owns 15,364 shares of the company’s stock worth $218,000 after buying an additional 15,094 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of NuScale Power by 12.8% in the first quarter. Rhumbline Advisers now owns 125,708 shares of the company’s stock worth $1,780,000 after buying an additional 14,304 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of NuScale Power by 165,450.0% in the first quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock worth $46,000 after buying an additional 3,309 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of NuScale Power by 122.1% in the first quarter. Park Avenue Securities LLC now owns 36,451 shares of the company’s stock worth $516,000 after buying an additional 20,039 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

Analyst Ratings Changes

SMR has been the topic of a number of research analyst reports. BNP Paribas Exane initiated coverage on shares of NuScale Power in a research report on Friday, July 25th. They set a “neutral” rating and a $41.00 price objective on the stock. Canaccord Genuity Group increased their price objective on shares of NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. BTIG Research downgraded shares of NuScale Power from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 25th. Northland Securities began coverage on shares of NuScale Power in a report on Monday, July 7th. They set a “market perform” rating and a $35.00 target price for the company. Finally, Barclays began coverage on shares of NuScale Power in a report on Monday, September 29th. They set an “equal weight” rating and a $45.00 target price for the company. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.67.

NuScale Power Stock Down 3.3%

SMR stock opened at $39.29 on Friday. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $53.50. The company has a fifty day simple moving average of $37.96 and a two-hundred day simple moving average of $32.21. The firm has a market capitalization of $11.19 billion, a P/E ratio of -33.02 and a beta of 2.02.

NuScale Power (NYSE:SMR) last released its 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 firm had revenue of $8.05 million during the quarter, compared to the consensus estimate 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, analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Buying and Selling

In other news, Director Corp Fluor sold 2,372,563 shares of NuScale Power stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $43.99, for a total value of $104,369,046.37. Following the transaction, the director owned 10,085,344 shares of the company’s stock, valued at $443,654,282.56. The trade was a 19.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 15,048,847 shares of company stock worth $606,761,579. Company insiders own 1.27% of the company’s stock.

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.