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

Deutsche Bank AG increased its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,396 shares of the company's stock after acquiring an additional 25,131 shares during the period. Deutsche Bank AG's holdings in NuScale Power were worth $1,352,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after buying an additional 635,271 shares during the period. Samsung C&T Corp bought a new stake in NuScale Power in the fourth quarter valued at approximately $46,745,000. Geode Capital Management LLC raised its stake in NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock valued at $35,249,000 after buying an additional 135,613 shares during the period. Van ECK Associates Corp raised its stake in NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock valued at $31,317,000 after buying an additional 511,168 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of NuScale Power during the fourth quarter worth approximately $22,823,000. Institutional investors own 78.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SMR shares. CLSA increased their target price on NuScale Power from $31.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday. The Goldman Sachs Group set a $24.00 price target on NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. BTIG Research reissued a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Finally, UBS Group reduced their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.83.

NuScale Power Price Performance

Shares of SMR stock traded up $5.41 during trading hours on Tuesday, reaching $35.65. The company's stock had a trading volume of 34,840,139 shares, compared to its average volume of 8,958,931. The firm's 50 day simple moving average is $17.75 and its 200-day simple moving average is $20.44. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of -37.53 and a beta of 1.62. NuScale Power Co. has a fifty-two week low of $6.61 and a fifty-two week high of $35.73. 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 (NYSE:SMR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share 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 firm had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. Sell-side analysts forecast that NuScale Power Co. will post -0.73 earnings per share for the current year.

Insider Activity

In related news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. This trade represents a 95.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 26,345 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,392 shares of company stock worth $3,138,221. Insiders own 1.27% of the company's stock.

NuScale Power 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.