NuScale Power Corporation $SMR Shares Purchased by Fox Hill Wealth Management

Key Points

• Fox Hill Wealth Management increased its holdings in NuScale Power Corporation by 29.1% during the second quarter, now owning 121,796 shares valued at approximately $4.8 million.
• Analysts have mixed opinions on NuScale Power, with three maintaining a Buy rating while nine rate it as Hold, resulting in a consensus target price of $36.20.
• NuScale Power reported a loss of ($0.13) EPS for the last quarter, missing expectations, with revenues of $8.05 million compared to the forecast of $10.49 million.

Fox Hill Wealth Management raised its stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,796 shares of the company's stock after purchasing an additional 27,462 shares during the quarter. NuScale Power comprises 2.5% of Fox Hill Wealth Management's holdings, making the stock its 10th biggest position. Fox Hill Wealth Management's holdings in NuScale Power were worth $4,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Kaizen Financial Strategies acquired a new position in NuScale Power during the 1st quarter valued at approximately $204,000. Cambridge Investment Research Advisors Inc. increased its stake in NuScale Power by 31.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 193,098 shares of the company's stock valued at $2,734,000 after purchasing an additional 46,744 shares in the last quarter. California State Teachers Retirement System increased its stake in NuScale Power by 17.9% during the 4th quarter. California State Teachers Retirement System now owns 79,687 shares of the company's stock valued at $1,429,000 after purchasing an additional 12,070 shares in the last quarter. Ameriprise Financial Inc. increased its stake in NuScale Power by 34.1% during the 4th quarter. Ameriprise Financial Inc. now owns 52,612 shares of the company's stock valued at $943,000 after purchasing an additional 13,373 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake 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 in the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BTIG Research lowered shares of NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Bank of America started coverage on shares of NuScale Power in a report on Thursday, August 21st. They issued a "neutral" rating and a $36.00 price objective on the stock. Northland Capmk raised shares of NuScale Power to a "hold" rating in a report on Monday, July 7th. BNP Paribas Exane started coverage on shares of NuScale Power in a report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price objective on the stock. Finally, Northland Securities started coverage on shares of NuScale Power in a report on Monday, July 7th. They issued a "market perform" rating and a $35.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.20.

NuScale Power Stock Performance

Shares of SMR traded up $0.99 during trading hours on Friday, hitting $36.17. The stock had a trading volume of 12,222,506 shares, compared to its average volume of 12,532,172. The firm has a 50-day moving average price of $40.10 and a 200 day moving average price of $29.28. NuScale Power Corporation has a fifty-two week low of $8.80 and a fifty-two week high of $53.50. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of -30.39 and a beta of 2.03.

NuScale Power (NYSE:SMR - Get Free Report) last posted 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 company had revenue of $8.05 million for the quarter, compared to analyst estimates of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. As a group, analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.39, for a total transaction of $808,164.34. Following the completion of the transaction, the chief operating officer directly owned 90,864 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, CFO Robert Ramsey Hamady sold 30,641 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $35.59, for a total transaction of $1,090,513.19. Following the transaction, the chief financial officer owned 46,283 shares of the company's stock, valued at $1,647,211.97. This represents a 39.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company's stock.

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.