NuScale Power Co. (NYSE:SMR) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 59.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,860 shares of the company's stock after buying an additional 8,895 shares during the period. ProShare Advisors LLC's holdings in NuScale Power were worth $428,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CoreCap Advisors LLC acquired a new stake in NuScale Power during the 4th quarter worth $33,000. Venturi Wealth Management LLC boosted its stake in NuScale Power by 313.8% during the 4th 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 acquired a new stake in NuScale Power during the 4th quarter worth $42,000. Amalgamated Bank boosted its stake in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in NuScale Power by 2,980.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after purchasing an additional 3,576 shares during the period. Institutional investors and hedge funds own 78.37% of the company's stock.

NuScale Power Price Performance

Shares of SMR traded down $2.32 during trading hours on Thursday, reaching $33.05. The company had a trading volume of 20,717,816 shares, compared to its average volume of 9,032,740. The firm has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $20.65. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of -34.79 and a beta of 1.62. NuScale Power Co. has a 12-month low of $6.61 and a 12-month high of $36.85.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly 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 business had revenue of $13.38 million during the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. Research analysts expect that NuScale Power Co. will post -0.73 earnings per share for the current year.

Insider Activity

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. This trade represents a 95.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the transaction, the chief financial officer now owns 29,985 shares of the company's stock, valued at $470,764.50. This trade represents a 51.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,392 shares of company stock worth $3,138,221 in the last 90 days. 1.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SMR has been the subject of a number of recent research reports. Canaccord Genuity Group set a $35.00 price target on shares of NuScale Power and gave the stock a "buy" rating in a research note on Thursday. BTIG Research restated a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. CLSA set a $41.00 target price on shares of NuScale Power and gave the stock an "outperform" rating in a research note on Tuesday. The Goldman Sachs Group set a $24.00 target price on shares of NuScale Power and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Finally, UBS Group raised their target price on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.00.

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.