Lauer Wealth LLC Buys Shares of 10,625 NuScale Power Corporation (NYSE:SMR)

Lauer Wealth LLC bought a new stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,625 shares of the company's stock, valued at approximately $150,000.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock valued at $191,000 after acquiring an additional 656 shares during the period. Farther Finance Advisors LLC grew its holdings in NuScale Power by 6.9% during the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company's stock valued at $189,000 after purchasing an additional 833 shares during the last quarter. Summit Investment Advisors Inc. raised its position in NuScale Power by 16.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock worth $159,000 after purchasing an additional 1,260 shares during the period. Corient Private Wealth LLC lifted its stake in NuScale Power by 6.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,130 shares of the company's stock worth $379,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of NuScale Power by 1.0% during the fourth quarter. Barclays PLC now owns 152,237 shares of the company's stock valued at $2,730,000 after buying an additional 1,446 shares during the period. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group set a $35.00 price target on NuScale Power and gave the stock a "buy" rating in a report on Thursday, May 29th. BTIG Research lowered NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. CLSA set a $41.00 target price on NuScale Power and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. Northland Capmk upgraded shares of NuScale Power to a "hold" rating in a report on Monday, July 7th. Finally, Northland Securities started coverage on shares of NuScale Power in a research note on Monday, July 7th. They issued a "market perform" rating and a $35.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $32.00.

Insider Activity

In other NuScale Power news, insider Clayton Scott sold 10,019 shares of the company'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 sale, the insider owned 86,965 shares in the company, valued at $1,459,272.70. This represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction 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 owned 1,218 shares in the company, valued at $20,632.92. This represents a 56.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,278 shares of company stock worth $1,786,990. Corporate insiders own 1.27% of the company's stock.

NuScale Power Price Performance

Shares of SMR stock traded up $4.80 during mid-day trading on Monday, hitting $42.28. The stock had a trading volume of 22,270,822 shares, compared to its average volume of 11,225,070. The firm has a market capitalization of $12.02 billion, a P/E ratio of -30.86 and a beta of 2.04. NuScale Power Corporation has a 12-month low of $6.88 and a 12-month high of $45.31. The firm's 50-day moving average is $31.97 and its two-hundred day moving average is $23.40.

NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $13.38 million for the quarter, compared to analysts' expectations of $1.46 million. Analysts expect that NuScale Power Corporation will post -0.73 EPS 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.