Benjamin Edwards Inc. Has $535,000 Holdings in NuScale Power Corporation (NYSE:SMR)

Key Points

• Benjamin Edwards Inc. increased its holdings in NuScale Power Corporation by 63.2%, owning a total of 37,773 shares valued at $535,000 after purchasing an additional 14,627 shares in the first quarter.
• NuScale Power reported a loss of $0.13 earnings per share for the latest quarter, missing analyst expectations, with revenues of $8.05 million against a forecast of $10.49 million.
• The stock has a 52-week range with a low of $6.88 and a high of $53.50, and as of the last report, it opened at $35.91.

Benjamin Edwards Inc. boosted its position in NuScale Power Corporation (NYSE:SMR - Free Report) by 63.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,773 shares of the company's stock after buying an additional 14,627 shares during the quarter. Benjamin Edwards Inc.'s holdings in NuScale Power were worth $535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG raised its stake in NuScale Power by 0.9% during the 1st quarter. Deutsche Bank AG now owns 76,082 shares of the company's stock valued at $1,077,000 after purchasing an additional 686 shares during the last quarter. Farther Finance Advisors LLC raised its stake in NuScale Power by 6.9% during the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company's stock valued at $189,000 after purchasing an additional 833 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in NuScale Power by 16.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock valued at $159,000 after purchasing an additional 1,260 shares during the last quarter. Arkadios Wealth Advisors raised its stake in NuScale Power by 5.2% during the 1st quarter. Arkadios Wealth Advisors now owns 25,749 shares of the company's stock valued at $365,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Barclays PLC raised its stake in NuScale Power by 1.0% during the 4th quarter. Barclays PLC now owns 152,237 shares of the company's stock valued at $2,730,000 after purchasing an additional 1,446 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Price Performance

NuScale Power stock opened at $35.91 on Friday. The stock has a fifty day moving average price of $41.28 and a two-hundred day moving average price of $27.31. NuScale Power Corporation has a 52-week low of $6.88 and a 52-week high of $53.50. The firm has a market capitalization of $10.21 billion, a P/E ratio of -30.18 and a beta of 2.06.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data 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). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. The company had revenue of $8.05 million for the quarter, compared to analyst estimates of $10.49 million. On average, equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group reiterated a "neutral" rating and set a $38.00 target price (up from $34.00) on shares of NuScale Power in a research note on Monday. BNP Paribas Exane initiated coverage on shares of NuScale Power in a research note on Friday, July 25th. They set a "neutral" rating and a $41.00 price target on the stock. Northland Securities initiated coverage on shares of NuScale Power in a research note on Monday, July 7th. They set a "market perform" rating and a $35.00 price target on the stock. Citigroup initiated coverage on shares of NuScale Power in a research note on Monday, June 23rd. They set a "neutral" rating and a $46.00 price target on the stock. Finally, BNP Paribas upgraded shares of NuScale Power to a "hold" rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $34.44.

Insider Transactions at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.39, for a total transaction of $808,164.34. Following the completion of the transaction, the chief operating officer directly owned 90,864 shares in the company, valued at $4,033,452.96. This represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.27% of the stock is owned by corporate insiders.

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.

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