11,618 Shares in NuScale Power Co. (NYSE:SMR) Bought by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,618 shares of the company's stock, valued at approximately $208,000.

Several other hedge funds have also recently modified their holdings of the stock. Voloridge Investment Management LLC acquired a new stake in shares of NuScale Power during the fourth quarter worth $1,766,000. Two Sigma Advisers LP acquired a new stake in NuScale Power during the 4th quarter worth about $2,018,000. Two Sigma Investments LP lifted its position in NuScale Power by 60.2% during the 4th quarter. Two Sigma Investments LP now owns 487,037 shares of the company's stock worth $8,733,000 after acquiring an additional 182,928 shares during the period. Tema Etfs LLC purchased a new stake in NuScale Power during the 4th quarter valued at about $277,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of NuScale Power in the fourth quarter valued at about $241,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Finally, BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.83.

Insider Activity

In other news, CEO John Lawrence Hopkins sold 26,345 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $23.66, for a total transaction of $623,322.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $16.94, for a total value of $26,511.10. Following the completion of the transaction, the vice president now owns 1,218 shares of the company's stock, valued at approximately $20,632.92. This represents a 56.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,392 shares of company stock valued at $3,138,221 in the last three months. 1.27% of the stock is currently owned by corporate insiders.

NuScale Power Stock Performance

Shares of SMR stock traded up $3.99 on Tuesday, hitting $34.23. The company had a trading volume of 18,260,504 shares, compared to its average volume of 8,897,497. NuScale Power Co. has a twelve month low of $6.61 and a twelve month high of $34.12. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market cap of $9.74 billion, a P/E ratio of -35.52 and a beta of 1.62. The company has a 50-day moving average price of $17.75 and a 200-day moving average price of $20.44.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $13.38 million during the quarter, compared to the consensus estimate 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, equities research analysts predict that NuScale Power Co. will post -0.73 earnings per share for the current fiscal 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.