LPL Financial LLC Acquires 72,098 Shares of NuScale Power Corporation (NYSE:SMR)

Key Points

• LPL Financial LLC increased its stake in NuScale Power Corporation by 35.8%, acquiring an additional 72,098 shares during the first quarter, bringing its total ownership to 273,394 shares valued at approximately $3.87 million.
• NuScale Power's stock has seen significant institutional interest, with 78.37% of shares currently held by institutional investors, indicating strong confidence in the company's potential.
• The company reported a revenue of $8.05 million for the quarter, which was below analysts’ expectations, leading to an EPS of ($0.13), missing the consensus estimate by $0.01.

LPL Financial LLC increased its holdings in NuScale Power Corporation (NYSE:SMR - Free Report) by 35.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 273,394 shares of the company's stock after buying an additional 72,098 shares during the quarter. LPL Financial LLC owned about 0.10% of NuScale Power worth $3,871,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NuScale Power by 1.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock valued at $101,998,000 after acquiring an additional 89,949 shares during the last quarter. Samsung C&T Corp purchased a new stake in NuScale Power during the fourth quarter valued at $46,745,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in NuScale Power during the first quarter valued at $14,271,000. Northern Trust Corp increased its position in NuScale Power by 20.3% during the fourth quarter. Northern Trust Corp now owns 801,193 shares of the company's stock valued at $14,365,000 after acquiring an additional 135,178 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in NuScale Power by 60.2% during the fourth quarter. Two Sigma Investments LP now owns 487,037 shares of the company's stock valued at $8,733,000 after acquiring an additional 182,928 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SMR. BNP Paribas Exane began coverage on NuScale Power in a research report on Friday, July 25th. They set a "neutral" rating and a $41.00 price objective for the company. BNP Paribas raised NuScale Power to a "hold" rating in a report on Friday, July 25th. Citigroup initiated coverage on NuScale Power in a report on Monday, June 23rd. They set a "neutral" rating and a $46.00 price target for the company. Northland Securities initiated coverage on NuScale Power in a report on Monday, July 7th. They set a "market perform" rating and a $35.00 price target for the company. Finally, CLSA set a $41.00 price target on NuScale Power and gave the company an "outperform" rating in a report on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.44.

NuScale Power Stock Down 1.4%

NYSE SMR opened at $35.44 on Friday. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of -29.78 and a beta of 2.06. The business has a 50-day moving average price of $41.30 and a 200-day moving average price of $27.41. NuScale Power Corporation has a twelve month low of $6.88 and a twelve month high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The business had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. Research analysts expect that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other news, COO Carl M. Fisher sold 18,206 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.39, for a total value of $808,164.34. Following the completion of the transaction, the chief operating officer owned 90,864 shares of the company's stock, valued at $4,033,452.96. This represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.27% of the stock is currently owned by company insiders.

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.

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