NuScale Power Co. (NYSE:SMR) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 931,065 shares of the company's stock after selling 302,086 shares during the quarter. Millennium Management LLC owned about 0.36% of NuScale Power worth $16,694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMR. CoreCap Advisors LLC acquired a new stake in shares of NuScale Power in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC increased its holdings in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of NuScale Power in the fourth quarter valued at approximately $42,000. Finally, Amalgamated Bank increased its holdings 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 purchasing an additional 986 shares during the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

Insider Transactions at NuScale Power

In related news, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. The trade was a 95.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,392 shares of company stock worth $3,138,221 over the last ninety days. Company insiders own 1.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SMR. UBS Group cut their target price on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group began coverage on NuScale Power in a research note on Tuesday. They set a "neutral" rating and a $24.00 target price for the company. Finally, BTIG Research reissued a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.83.

NuScale Power Trading Up 1.8%

SMR opened at $23.90 on Thursday. NuScale Power Co. has a 52 week low of $6.61 and a 52 week high of $32.30. The business has a fifty day simple moving average of $17.09 and a 200-day simple moving average of $20.29. The firm has a market cap of $6.80 billion, a P/E ratio of -25.16 and a beta of 1.62. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate 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 business had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. On average, equities analysts expect that NuScale Power Co. will post -0.73 earnings per share for the current year.

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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