Ensign Peak Advisors Inc Buys New Shares in NuScale Power Co. (NYSE:SMR)

Ensign Peak Advisors Inc purchased a new position in NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,650 shares of the company's stock, valued at approximately $460,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after purchasing an additional 635,271 shares during the period. Samsung C&T Corp purchased a new position in NuScale Power in the 4th quarter worth about $46,745,000. Geode Capital Management LLC raised its holdings in NuScale Power by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after buying an additional 135,613 shares during the period. Van ECK Associates Corp lifted its stake in NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock valued at $31,317,000 after buying an additional 511,168 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of NuScale Power in the fourth quarter worth approximately $22,823,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SMR. UBS Group decreased their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group assumed coverage on NuScale Power in a report on Tuesday. They set a "neutral" rating and a $24.00 price target on the stock. Finally, BTIG Research reissued a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, NuScale Power currently has an average rating of "Moderate Buy" and an average price target of $17.83.

NuScale Power Stock Down 4.5%

SMR traded down $1.11 during trading on Tuesday, reaching $23.41. 7,328,588 shares of the stock traded hands, compared to its average volume of 8,594,119. The stock's 50-day simple moving average is $16.80 and its two-hundred day simple moving average is $20.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a fifty-two week low of $6.37 and a fifty-two week high of $32.30. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of -24.64 and a beta of 1.62.

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

Insider Transactions at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now directly owns 29,985 shares in the company, valued at $470,764.50. This represents a 51.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the transaction, the vice president now owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 184,392 shares of company stock worth $3,138,221 in the last 90 days. 1.27% of the stock is owned by insiders.

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.