Janney Montgomery Scott LLC Has $1.20 Million Stock Position in NuScale Power Corporation (NYSE:SMR)

Janney Montgomery Scott LLC raised its stake in NuScale Power Corporation (NYSE:SMR - Free Report) by 652.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,778 shares of the company's stock after buying an additional 73,504 shares during the quarter. Janney Montgomery Scott LLC's holdings in NuScale Power were worth $1,200,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SMR. CoreCap Advisors LLC acquired a new stake in NuScale Power in the 4th quarter valued at approximately $33,000. Twin Tree Management LP acquired a new position in shares of NuScale Power during the 4th quarter worth approximately $42,000. NBC Securities Inc. boosted its holdings 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 valued at $46,000 after buying an additional 3,309 shares during the last quarter. Amalgamated Bank grew its stake in shares of NuScale Power by 51.8% in the fourth 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, PNC Financial Services Group Inc. increased its holdings in NuScale Power by 2,980.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after buying an additional 3,576 shares during the last quarter. Institutional investors own 78.37% of the company's stock.

Analyst Ratings Changes

SMR has been the subject of a number of analyst reports. Citigroup assumed coverage on shares of NuScale Power in a research report on Monday, June 23rd. They issued a "neutral" rating and a $46.00 price objective for the company. Canaccord Genuity Group set a $35.00 target price on shares of NuScale Power and gave the company a "buy" rating in a research note on Thursday, May 29th. UBS Group boosted their price target on NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. BTIG Research downgraded NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Finally, The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $31.57.

Insider Activity at NuScale Power

In related news, CEO John Lawrence Hopkins sold 34,675 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $17.00, for a total value of $589,475.00. Following the completion of the transaction, the chief executive officer now owns 49,019 shares in the company, valued at $833,323. This trade represents a 41.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 1,565 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $16.94, for a total transaction of $26,511.10. Following the sale, the vice president now directly owns 1,218 shares in the company, valued at $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,278 shares of company stock valued at $2,286,280 in the last 90 days. 1.96% of the stock is owned by corporate insiders.

NuScale Power Trading Up 0.5%

NYSE SMR traded up $0.19 during trading on Monday, hitting $38.39. 1,998,420 shares of the company's stock were exchanged, compared to its average volume of 11,215,187. The company has a market cap of $10.92 billion, a PE ratio of -28.02 and a beta of 1.99. NuScale Power Corporation has a fifty-two week low of $6.88 and a fifty-two week high of $45.31. The stock's 50 day moving average price is $27.94 and its two-hundred day moving average price is $22.30.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.06. The business had revenue of $13.38 million during the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. Analysts forecast that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal 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.