BNP Paribas Financial Markets Invests $4.27 Million in NuScale Power Co. (NYSE:SMR)

BNP Paribas Financial Markets acquired a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 238,304 shares of the company's stock, valued at approximately $4,273,000. BNP Paribas Financial Markets owned approximately 0.09% of NuScale Power at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in NuScale Power during the third quarter worth about $118,000. Franklin Resources Inc. purchased a new stake in shares of NuScale Power during the 3rd quarter worth approximately $555,000. JPMorgan Chase & Co. increased its stake in shares of NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock worth $1,930,000 after purchasing an additional 111,812 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of NuScale Power by 125,230.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 12,533 shares of the company's stock worth $225,000 after purchasing an additional 12,523 shares during the period. Finally, Bouvel Investment Partners LLC purchased a new position in NuScale Power in the fourth quarter valued at approximately $973,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This represents a 95.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares in the company, valued at $470,764.50. This trade represents a 51.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,392 shares of company stock valued at $3,138,221 in the last quarter. 1.27% of the stock is currently owned by insiders.

NuScale Power Trading Down 4.0%

Shares of SMR traded down $0.98 during mid-day trading on Tuesday, hitting $23.54. 2,979,875 shares of the company's stock traded hands, compared to its average volume of 9,427,948. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.70 billion, a P/E ratio of -24.78 and a beta of 1.62. The business's 50-day moving average price is $16.80 and its 200-day moving average price is $20.24. NuScale Power Co. has a 1 year low of $6.61 and a 1 year high of $32.30.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The firm had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. As a group, sell-side analysts forecast that NuScale Power Co. will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

SMR has been the topic of several research reports. BTIG Research restated a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. UBS Group lowered their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, The Goldman Sachs Group initiated coverage on shares of NuScale Power in a research note on Tuesday. They issued a "neutral" rating and a $24.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, NuScale Power presently has a consensus rating of "Moderate Buy" and an average target price of $17.83.

NuScale Power Company 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.