NuScale Power Co. (NYSE:SMR) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,396 shares of the company's stock after acquiring 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 SEC.

A number of other hedge funds have also made changes to their positions in SMR. CoreCap Advisors LLC acquired a new position in NuScale Power in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC lifted its position in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after buying an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of NuScale Power by 600.0% in the 4th 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 in the last quarter. Twin Tree Management LP acquired a new position in shares of NuScale Power in the 4th quarter valued at $42,000. Finally, Amalgamated Bank grew its position in shares of NuScale Power by 51.8% in the 4th 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. Hedge funds and other institutional investors own 78.37% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SMR shares. UBS Group boosted their price target on shares of NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday. The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. CLSA set a $41.00 target price on NuScale Power and gave the company an "outperform" rating in a report on Tuesday. Canaccord Genuity Group set a $35.00 target price on NuScale Power and gave the company a "buy" rating in a research report on Thursday. Finally, BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $27.00.

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. This trade represents a 95.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton Scott sold 10,019 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.78, for a total transaction of $168,118.82. Following the transaction, the insider now directly owns 86,965 shares of the company's stock, valued at $1,459,272.70. This represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,392 shares of company stock worth $3,138,221. 1.27% of the stock is currently owned by insiders.

NuScale Power Stock Performance

NYSE SMR traded down $2.32 during trading on Thursday, reaching $33.05. The company's stock had a trading volume of 20,717,816 shares, compared to its average volume of 9,040,995. The business's fifty day moving average price is $18.73 and its 200-day moving average price is $20.71. NuScale Power Co. has a twelve month low of $6.61 and a twelve month high of $36.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of -34.79 and a beta of 1.62.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.06. The firm had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. As a group, analysts anticipate that NuScale Power Co. will post -0.73 EPS for the current fiscal year.

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.