21,397 Shares in NuScale Power Co. (NYSE:SMR) Purchased by Focus Partners Wealth

Focus Partners Wealth acquired a new stake in NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,397 shares of the company's stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Samsung C&T Corp acquired a new stake in NuScale Power during the 4th quarter worth $46,745,000. Arrowstreet Capital Limited Partnership acquired a new stake in NuScale Power during the 4th quarter worth $22,823,000. Vanguard Group Inc. raised its stake in NuScale Power by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Van ECK Associates Corp raised its stake in NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after acquiring an additional 511,168 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in NuScale Power during the 4th quarter worth $7,628,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group cut their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. BTIG Research reissued a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, NuScale Power has a consensus rating of "Moderate Buy" and an average price target of $17.83.

Insider Activity

In other news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares of the company's stock, valued at $16,683.48. The trade was a 95.54% decrease in their ownership of the stock. The sale 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 NuScale Power stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $16.78, for a total transaction of $168,118.82. Following the completion of the sale, the insider now directly owns 86,965 shares in the company, valued at approximately $1,459,272.70. The trade was a 10.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,392 shares of company stock valued at $3,138,221 over the last quarter. Corporate insiders own 1.27% of the company's stock.

NuScale Power Stock Performance

NuScale Power stock traded up $4.96 during midday trading on Friday, hitting $30.28. 48,756,855 shares of the company's stock were exchanged, compared to its average volume of 8,840,818. NuScale Power Co. has a 12-month low of $6.61 and a 12-month high of $32.30. 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 stock has a market cap of $8.61 billion, a price-to-earnings ratio of -31.88 and a beta of 1.62. The firm's 50 day simple moving average is $17.52 and its 200 day simple moving average is $20.41.

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 the consensus estimate of ($0.17) by $0.06. The business had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. Equities research analysts predict that NuScale Power Co. will post -0.73 EPS for the current year.

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.