Cetera Investment Advisers Has $986,000 Stock Position in NuScale Power Co. (NYSE:SMR)

Cetera Investment Advisers lessened its position in NuScale Power Co. (NYSE:SMR - Free Report) by 38.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,998 shares of the company's stock after selling 33,946 shares during the period. Cetera Investment Advisers' holdings in NuScale Power were worth $986,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after purchasing an additional 1,800 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of NuScale Power in the fourth quarter valued at $42,000. Amalgamated Bank raised its holdings in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in NuScale Power by 2,980.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after buying an additional 3,576 shares in the last quarter. Institutional investors own 78.37% of the company's stock.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 26,345 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $23.66, for a total value of $623,322.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the company's stock in a transaction on 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 owns 29,985 shares of the company's stock, valued at approximately $470,764.50. This represents a 51.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have 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 Down 6.2%

SMR stock traded down $2.18 during midday trading on Thursday, reaching $33.19. The company's stock had a trading volume of 7,037,796 shares, compared to its average volume of 10,288,419. The business's 50-day simple moving average is $18.45 and its 200-day simple moving average is $20.65. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 52 week low of $6.61 and a 52 week high of $36.85. The stock has a market cap of $9.44 billion, a PE ratio of -34.94 and a beta of 1.62.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. As a group, sell-side analysts expect that NuScale Power Co. will post -0.73 EPS for the current year.

Analysts Set New Price Targets

SMR has been the subject of several research reports. BTIG Research restated a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Canaccord Genuity Group set a $35.00 price target on shares of NuScale Power and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group set a $24.00 price objective on shares of NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. CLSA set a $41.00 price objective on NuScale Power and gave the company an "outperform" rating in a research report on Tuesday. Finally, UBS Group lowered their target price on 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 five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.57.

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.