NuScale Power Corporation $SMR Shares Acquired by Private Wealth Partners LLC

Key Points

• Private Wealth Partners LLC increased its stake in NuScale Power Corporation by 39.4%, acquiring an additional 6,500 shares, bringing its total holdings to 23,000 shares valued at approximately $910,000.
• NuScale Power reported a negative net margin of 221.07% for the quarter, with a loss per share of ($0.13), missing analysts' expectations.
• Institutional investors own approximately 78.37% of NuScale Power’s stock, highlighting significant interest from the investment community.

Private Wealth Partners LLC grew its stake in NuScale Power Corporation (NYSE:SMR - Free Report) by 39.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,000 shares of the company's stock after acquiring an additional 6,500 shares during the quarter. Private Wealth Partners LLC's holdings in NuScale Power were worth $910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. increased its stake in shares of NuScale Power by 21.3% in the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock worth $46,000 after acquiring an additional 203 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of NuScale Power by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company's stock worth $824,000 after purchasing an additional 212 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock worth $31,000 after purchasing an additional 359 shares during the period. Union Bancaire Privee UBP SA grew its holdings in shares of NuScale Power by 9.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 4,612 shares of the company's stock worth $182,000 after purchasing an additional 386 shares during the period. Finally, Albion Financial Group UT grew its holdings in shares of NuScale Power by 26.2% during the 2nd quarter. Albion Financial Group UT now owns 2,045 shares of the company's stock worth $81,000 after purchasing an additional 425 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $38.70 on Tuesday. The business has a 50-day moving average of $38.52 and a 200 day moving average of $34.57. NuScale Power Corporation has a 12 month low of $11.08 and a 12 month high of $57.42. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of -32.52 and a beta of 2.02.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SMR shares. Barclays started coverage on NuScale Power in a report on Monday, September 29th. They set an "equal weight" rating and a $45.00 price target for the company. UBS Group increased their price target on NuScale Power from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. Northland Securities started 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. BNP Paribas cut NuScale Power from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 21st. Finally, Bank of America reiterated an "underperform" rating and set a $34.00 price target (down from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, NuScale Power currently has an average rating of "Reduce" and an average price target of $37.73.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total value of $3,479,082.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 15,048,847 shares of company stock valued at $606,761,579. 1.96% of the stock is owned by company insiders.

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.

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