Consolidated Portfolio Review Corp Invests $516,000 in NuScale Power Corporation $SMR

Key Points

• Consolidated Portfolio Review Corp made a new investment in NuScale Power Corporation, acquiring 13,043 shares valued at approximately $516,000.
• Insider activity included Director Corp Fluor selling over 2.37 million shares for approximately $104.37 million, leading to a significant reduction in their position.
• Analysts have mixed sentiments with ratings ranging from "buy" to "underperform", and a consensus price target of $36.67 for NuScale Power's stock.

Consolidated Portfolio Review Corp purchased a new position in shares of NuScale Power Corporation (NYSE:SMR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,043 shares of the company's stock, valued at approximately $516,000.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in NuScale Power in the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of NuScale Power by 84.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock valued at $31,000 after acquiring an additional 359 shares during the last quarter. NBC Securities Inc. raised its stake in NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after buying an additional 3,309 shares during the last quarter. Stone House Investment Management LLC bought a new stake in NuScale Power in the first quarter worth approximately $50,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of NuScale Power during the 1st quarter valued at $60,000. 78.37% of the stock is owned by institutional investors.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 2,372,563 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the completion of the transaction, the director directly owned 10,085,344 shares in the company, valued at $443,654,282.56. The trade was a 19.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 11,624,569 shares of company stock worth $468,599,880. 1.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SMR. Royal Bank Of Canada began coverage on NuScale Power in a research note on Monday, September 15th. They issued a "sector perform" rating and a $35.00 target price for the company. Bank of America reiterated an "underperform" rating and set a $34.00 price target (down previously from $38.00) on shares of NuScale Power in a research note on Tuesday. BNP Paribas Exane assumed coverage on NuScale Power in a research note on Friday, July 25th. They issued a "neutral" rating and a $41.00 target price on the stock. BNP Paribas upgraded NuScale Power to a "hold" rating in a research note on Friday, July 25th. Finally, BTIG Research cut shares of NuScale Power from a "buy" rating to a "neutral" rating in a report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $36.67.

NuScale Power Price Performance

SMR opened at $36.66 on Thursday. The company has a fifty day moving average price of $39.34 and a 200-day moving average price of $31.16. The firm has a market capitalization of $10.44 billion, a P/E ratio of -30.81 and a beta of 2.02. NuScale Power Corporation has a one year low of $11.08 and a one year high of $53.50.

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

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