Captrust Financial Advisors Takes Position in NuScale Power Co. (NYSE:SMR)

Captrust Financial Advisors purchased a new position in NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,166 shares of the company's stock, valued at approximately $272,000.

Other hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. bought a new stake in shares of NuScale Power in the fourth quarter worth about $200,000. Baird Financial Group Inc. grew its holdings in NuScale Power by 0.7% during the 4th quarter. Baird Financial Group Inc. now owns 400,055 shares of the company's stock valued at $7,173,000 after buying an additional 2,954 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in NuScale Power in the 4th quarter worth approximately $4,273,000. Ameriprise Financial Inc. raised its holdings in shares of NuScale Power by 34.1% during the 4th quarter. Ameriprise Financial Inc. now owns 52,612 shares of the company's stock worth $943,000 after acquiring an additional 13,373 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in NuScale Power during the fourth quarter valued at $7,628,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SMR shares. The Goldman Sachs Group set a $24.00 price objective on NuScale Power and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. BTIG Research reiterated a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. CLSA increased their price target on NuScale Power from $31.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, UBS Group dropped 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.83.

Insider Activity

In related news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm'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 transaction of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 184,392 shares of company stock valued at $3,138,221. 1.27% of the stock is currently owned by company insiders.

NuScale Power Trading Up 17.9%

Shares of SMR traded up $5.41 during mid-day trading on Tuesday, reaching $35.65. 34,840,139 shares of the company's stock traded hands, compared to its average volume of 8,959,209. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The stock's 50-day moving average is $18.10 and its two-hundred day moving average is $20.55. NuScale Power Co. has a 12 month low of $6.61 and a 12 month high of $35.77. The stock has a market cap of $10.14 billion, a P/E ratio of -37.53 and a beta of 1.62.

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

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.