Private Wealth Partners LLC Makes New Investment in NuScale Power Corporation (NYSE:SMR)

Private Wealth Partners LLC acquired a new stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,500 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC purchased a new position in shares of NuScale Power during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC grew its stake in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares during the period. Twin Tree Management LP purchased a new stake in NuScale Power in the fourth quarter worth $42,000. Amalgamated Bank raised its holdings in NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock valued at $46,000 after buying an additional 3,309 shares during the period. 78.37% of the stock is owned by institutional investors.

NuScale Power Trading Down 0.2%

Shares of SMR opened at $39.15 on Friday. The company's fifty day simple moving average is $25.08 and its 200-day simple moving average is $21.69. The company has a market cap of $11.13 billion, a P/E ratio of -28.58 and a beta of 2.00. NuScale Power Corporation has a twelve month low of $6.88 and a twelve month high of $45.31.

NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. The firm had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. Analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SMR. UBS Group boosted their price objective on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Canaccord Genuity Group set a $35.00 price target on NuScale Power and gave the company a "buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Finally, CLSA set a $41.00 price objective on shares of NuScale Power and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Insider Activity

In other news, VP Jacqueline F. Engel sold 1,565 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $16.94, for a total transaction of $26,511.10. Following the transaction, the vice president now directly owns 1,218 shares of the company's stock, valued at approximately $20,632.92. This represents a 56.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the transaction, the chief technology officer now directly owns 516,207 shares of the company's stock, valued at approximately $7,810,211.91. This represents a 6.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,278 shares of company stock worth $2,286,280. Corporate insiders own 1.27% of the company's stock.

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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