Charles Schwab Investment Management Inc. Grows Holdings in NuScale Power Corporation $SMR

Charles Schwab Investment Management Inc. boosted its stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 847,869 shares of the company's stock after buying an additional 112,486 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.30% of NuScale Power worth $12,006,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of NuScale Power by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock worth $126,598,000 after acquiring an additional 512,618 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NuScale Power by 1.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock valued at $101,998,000 after purchasing an additional 89,949 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in NuScale Power during the 1st quarter valued at approximately $14,271,000. Northern Trust Corp increased its stake in NuScale Power by 20.3% during the 4th quarter. Northern Trust Corp now owns 801,193 shares of the company's stock valued at $14,365,000 after purchasing an additional 135,178 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in NuScale Power by 60.2% during the 4th quarter. Two Sigma Investments LP now owns 487,037 shares of the company's stock valued at $8,733,000 after purchasing an additional 182,928 shares in the last quarter. Institutional investors own 78.37% of the company's stock.

Insider Transactions at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $44.39, for a total transaction of $808,164.34. Following the sale, the chief operating officer owned 90,864 shares of the company's stock, valued at approximately $4,033,452.96. This trade represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.96% of the stock is owned by corporate insiders.

NuScale Power Stock Up 2.7%

Shares of SMR traded up $0.93 during trading on Monday, reaching $35.97. 9,627,698 shares of the company traded hands, compared to its average volume of 12,896,239. NuScale Power Corporation has a twelve month low of $6.88 and a twelve month high of $53.50. The stock has a market cap of $10.25 billion, a PE ratio of 194.67 and a beta of 2.06. The stock has a 50-day simple moving average of $40.88 and a 200-day simple moving average of $27.84.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The business had revenue of $8.05 million during the quarter, compared to analysts' expectations of $10.49 million. On average, equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on SMR shares. Bank of America initiated coverage on shares of NuScale Power in a research note on Thursday. They set a "neutral" rating and a $36.00 price target on the stock. Canaccord Genuity Group increased their price objective on shares of NuScale Power from $36.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. BTIG Research lowered shares of NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Northland Securities started coverage on shares of NuScale Power in a research note on Monday, July 7th. They issued a "market perform" rating and a $35.00 price objective on the stock. Finally, UBS Group increased their price target on shares of NuScale Power from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, NuScale Power presently has an average rating of "Hold" and an average price target of $34.60.

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.