Samsung C&T Corp Has $22.47 Million Holdings in NuScale Power Corporation $SMR

Samsung C&T Corp reduced its stake in NuScale Power Corporation (NYSE:SMR) by 69.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,585,804 shares of the company’s stock after selling 3,600,000 shares during the period. NuScale Power accounts for approximately 100.0% of Samsung C&T Corp’s holdings, making the stock its biggest position. Samsung C&T Corp owned approximately 0.53% of NuScale Power worth $22,471,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cibc World Market Inc. lifted its stake in NuScale Power by 3.8% during the third quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock valued at $324,000 after purchasing an additional 329 shares during the last quarter. MAI Capital Management lifted its stake in NuScale Power by 37.0% during the third quarter. MAI Capital Management now owns 1,654 shares of the company’s stock valued at $60,000 after purchasing an additional 447 shares during the last quarter. Harbour Investments Inc. lifted its stake in NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after purchasing an additional 592 shares during the last quarter. Principal Financial Group Inc. lifted its stake in NuScale Power by 7.6% during the third quarter. Principal Financial Group Inc. now owns 9,706 shares of the company’s stock valued at $349,000 after purchasing an additional 688 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new stake in NuScale Power during the third quarter valued at approximately $25,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction 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 in the company, valued at $319,088,217.04. This represents a 33.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 39,936,472 shares of company stock worth $472,831,169. Corporate insiders own 1.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Cantor Fitzgerald cut their target price on shares of NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Citigroup cut their target price on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Canaccord Genuity Group cut their target price on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 27th. UBS Group cut their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Finally, HSBC assumed coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.92.

NuScale Power Stock Performance

NuScale Power stock opened at $9.89 on Friday. The firm has a market cap of $3.61 billion, a PE ratio of -3.39 and a beta of 2.20. The firm’s 50 day moving average price is $11.42 and its two-hundred day moving average price is $14.42. NuScale Power Corporation has a twelve month low of $8.85 and a twelve month high of $57.42.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $0.57 million during the quarter, compared to analyst estimates of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The company’s revenue was down 95.8% on a year-over-year basis. Equities analysts anticipate that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

NuScale Power Company Profile

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.