Hennion & Walsh Asset Management Inc. Invests $170,000 in NuScale Power Co. (NYSE:SMR)

Hennion & Walsh Asset Management Inc. purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,982 shares of the company's stock, valued at approximately $170,000.

Several other large investors also recently bought and sold shares of SMR. CoreCap Advisors LLC acquired a new position in shares of NuScale Power during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC boosted its stake in NuScale Power by 313.8% during the fourth 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. Twin Tree Management LP purchased a new stake in NuScale Power in the 4th quarter valued at $42,000. Amalgamated Bank grew its holdings in 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 in the last quarter. Finally, NBC Securities Inc. increased its stake in shares of NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after acquiring an additional 3,309 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 34,675 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $17.00, for a total transaction of $589,475.00. Following the sale, the chief executive officer now directly owns 49,019 shares in the company, valued at $833,323. This represents a 41.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Clayton Scott sold 10,019 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $16.78, for a total transaction of $168,118.82. Following the completion of the transaction, the insider now owns 86,965 shares of the company's stock, valued at approximately $1,459,272.70. This trade represents a 10.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,278 shares of company stock worth $2,286,280. 1.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on SMR shares. BTIG Research reissued a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. UBS Group boosted their target price on shares of NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Canaccord Genuity Group set a $35.00 price target on shares of NuScale Power and gave the stock a "buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Finally, CLSA set a $41.00 price objective on NuScale Power and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.00.

NuScale Power Trading Down 2.0%

Shares of NuScale Power stock traded down $0.72 on Tuesday, reaching $34.52. The company had a trading volume of 17,307,573 shares, compared to its average volume of 10,740,574. The firm's 50 day moving average price is $21.08 and its two-hundred day moving average price is $20.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a 52-week low of $6.88 and a 52-week high of $38.39. The firm has a market cap of $9.82 billion, a PE ratio of -36.34 and a beta of 2.00.

NuScale Power (NYSE:SMR - Get Free Report) last announced its 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. 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 for the quarter, compared to analyst estimates of $1.46 million. Sell-side analysts predict that NuScale Power Co. will post -0.73 earnings per share 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.