Kingswood Wealth Advisors LLC Grows Holdings in NuScale Power Corporation (NYSE:SMR)

Kingswood Wealth Advisors LLC grew its holdings in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 145.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,286 shares of the company's stock after buying an additional 21,507 shares during the period. Kingswood Wealth Advisors LLC's holdings in NuScale Power were worth $514,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of NuScale Power in the 4th quarter worth $33,000. Venturi Wealth Management LLC lifted its holdings in shares of NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares in the last quarter. Twin Tree Management LP bought a new position in shares of NuScale Power in the 4th quarter worth $42,000. NBC Securities Inc. lifted 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 worth $46,000 after purchasing an additional 3,309 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SMR has been the topic of a number of recent research reports. BTIG Research reiterated a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. The Goldman Sachs Group set a $24.00 price target on NuScale Power and gave the company a "neutral" rating in a research report on Tuesday, May 20th. UBS Group increased their price target on NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Canaccord Genuity Group set a $35.00 price target on NuScale Power and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, CLSA set a $41.00 price target on NuScale Power and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Insider Transactions at NuScale Power

In other news, VP Jacqueline F. Engel sold 1,565 shares of the firm's stock in a transaction that occurred on 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 directly owns 1,218 shares in the company, valued at approximately $20,632.92. This trade represents a 56.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total transaction of $623,322.70. The disclosure for this sale can be found here. Insiders sold 128,278 shares of company stock worth $2,286,280 over the last quarter. Corporate insiders own 1.96% of the company's stock.

NuScale Power Stock Down 4.9%

NYSE SMR traded down $1.92 during trading hours on Friday, reaching $37.24. 12,248,069 shares of the company were exchanged, compared to its average volume of 9,677,482. NuScale Power Corporation has a 1 year low of $6.88 and a 1 year high of $45.31. The business's 50 day simple moving average is $25.52 and its 200-day simple moving average is $21.74. The stock has a market capitalization of $10.59 billion, a P/E ratio of -27.18 and a beta of 1.99.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data 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. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. The business had revenue of $13.38 million during the quarter, compared to the consensus estimate of $1.46 million. As a group, sell-side analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current 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.