NuScale Power Corporation $SMR Shares Bought by Clear Creek Financial Management LLC

Key Points

• Clear Creek Financial Management LLC increased its stake in NuScale Power by 31.7%, owning 35,294 shares valued at approximately $1.4 million by the end of the second quarter.
• Insider Corp Fluor sold over 2.37 million shares for approximately $104.4 million, representing a 19.04% decrease in their ownership.
• NuScale Power's consensus rating is "Hold" with a price target averaging $36.67, after several institutions initiated or modified ratings in recent months.

Clear Creek Financial Management LLC boosted its position in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 31.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 35,294 shares of the company's stock after acquiring an additional 8,504 shares during the quarter. Clear Creek Financial Management LLC's holdings in NuScale Power were worth $1,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of NuScale Power by 84.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock valued at $31,000 after buying an additional 359 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of NuScale Power by 185.0% in the 2nd quarter. Toth Financial Advisory Corp now owns 1,710 shares of the company's stock valued at $68,000 after buying an additional 1,110 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of NuScale Power in the 2nd quarter valued at about $69,000. Quantbot Technologies LP acquired a new position in shares of NuScale Power in the 1st quarter valued at about $27,000. Finally, Albion Financial Group UT lifted its holdings in shares of NuScale Power by 26.2% in the 2nd quarter. Albion Financial Group UT now owns 2,045 shares of the company's stock valued at $81,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 78.37% of the company's stock.

Insider Activity at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 2,372,563 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the completion of the transaction, the director owned 10,085,344 shares of the company's stock, valued at $443,654,282.56. This represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 15,048,847 shares of company stock worth $606,761,579 over the last ninety days. 1.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SMR has been the subject of several analyst reports. BNP Paribas raised NuScale Power to a "hold" rating in a report on Friday, July 25th. BNP Paribas Exane initiated coverage on NuScale Power in a report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price objective for the company. Citigroup initiated coverage on NuScale Power in a report on Monday, June 23rd. They issued a "neutral" rating and a $46.00 price objective for the company. BTIG Research cut NuScale Power from a "buy" rating to a "neutral" rating in a report on Wednesday, June 25th. Finally, UBS Group upped 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. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, NuScale Power has a consensus rating of "Hold" and a consensus price target of $36.67.

NuScale Power Trading Up 6.3%

NYSE SMR opened at $40.59 on Friday. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of -34.11 and a beta of 2.02. NuScale Power Corporation has a twelve month low of $11.08 and a twelve month high of $53.50. The stock has a 50-day moving average of $38.06 and a 200 day moving average of $32.06.

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 analyst estimates of $10.49 million. Equities analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

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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