Deutsche Bank AG Acquires 25,131 Shares of NuScale Power Co. (NYSE:SMR)

Deutsche Bank AG raised its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,396 shares of the company's stock after buying an additional 25,131 shares during the quarter. Deutsche Bank AG's holdings in NuScale Power were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SMR. Janney Montgomery Scott LLC acquired a new position in NuScale Power in the fourth quarter valued at about $202,000. Exchange Traded Concepts LLC lifted its stake in NuScale Power by 291.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 292,833 shares of the company's stock valued at $5,250,000 after buying an additional 217,998 shares during the period. Toth Financial Advisory Corp lifted its stake in NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after buying an additional 1,800 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in NuScale Power in the fourth quarter valued at about $265,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of NuScale Power in the fourth quarter worth about $67,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at $470,764.50. The trade was a 51.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 34,675 shares of NuScale Power stock in a transaction on Monday, May 5th. The shares were sold at an average price of $17.00, for a total value of $589,475.00. Following the completion of the transaction, the chief executive officer now directly owns 49,019 shares of the company's stock, valued at $833,323. This represents a 41.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,392 shares of company stock valued at $3,138,221. Insiders own 1.27% of the company's stock.

NuScale Power Stock Down 5.9%

SMR stock traded down $2.10 during mid-day trading on Thursday, reaching $33.27. The company had a trading volume of 8,469,472 shares, compared to its average volume of 10,301,558. NuScale Power Co. has a 52 week low of $6.61 and a 52 week high of $36.85. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of -34.94 and a beta of 1.62. The stock has a 50 day simple moving average of $18.45 and a two-hundred day simple moving average of $20.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

NuScale Power (NYSE:SMR - Get Free Report) last released 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. As a group, equities analysts predict that NuScale Power Co. will post -0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Canaccord Genuity Group set a $35.00 price target on NuScale Power and gave the stock a "buy" rating in a report on Thursday. CLSA set a $41.00 price target on NuScale Power and gave the stock an "outperform" rating in a report on Tuesday. The Goldman Sachs Group set a $24.00 price target on NuScale Power and gave the stock a "neutral" rating in a report on Tuesday, May 20th. BTIG Research restated a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. Finally, UBS Group decreased their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report 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. According to data from MarketBeat.com, NuScale Power currently has a consensus rating of "Moderate Buy" and a consensus target price 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.